The establishment of a new council to coordinate military supplies reflects the Kremlin's grave concerns over the economy.
When Russian President Vladimir Putin launched last month a new council for coordinating supplies for the Russian army, he seemed to recognize the scale of the economic problems facing the country, and his sense of urgency was palpable.“We have to be faster in deciding questions connected to supplying the special military operation and countering restrictions on the economy which, without any exaggeration, are truly unprecedented,” he said.
The Western ban on technology imports is affecting most sectors of the economy, while the Kremlin’s forced mobilization of more than 300,000 Russian conscripts to serve in Ukraine, combined with the departure of at least as many abroad fleeing the draft, has dealt a further blow, economists said.
Putin’s creation of the coordination council, headed by Prime Minister Mikhail Mishustin, was a sign the Russian president is rattled by the increasing impact of sanctions, economists and analysts said. Putin “is concerned he needs to interfere to make sure supplies will be available,” said Sergei Guriev, provost at France’s Sciences Po. “He is concerned that sanctions have really hit the ability to produce goods.
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