Russian economy meltdown as Moscow hit with manufacturing crisis while inflation soars

 

Russia is in a manufacturing crisis as Vladimir Putin grapples with inflation.

The country is reportedly struggling to assemble aircraft after Western sanctions as companies struggle to obtain the necessary parts.

Anton Gerashchenko, former advisor to Ukraine's internal affairs minister, claims that the current production volumes of the MC-21, a mid-sized airliner; Superjet New, Il-114, the latest being assembled in late 2021; and the Tu-214 are zero pieces.

Russian aviation expert Andrey Patrakov, the founder of AIM Group international aerospace experts network, told Sputnik, a Russian news agency and broadcaster, in November: "Russia has an acute problem of producing components for aircraft."

He added: "I recommend making early bookings because there simply can't be enough seats for everyone due to the fact that there are simply fewer aeroplanes.