Updated
Updated · The Independent · Jun 12
Russian Approval of Putin's Economic Policy Turns Negative for First Time Since 2022
Updated
Updated · The Independent · Jun 12

Russian Approval of Putin's Economic Policy Turns Negative for First Time Since 2022

3 articles · Updated · The Independent · Jun 12

Summary

  • One-third of Russians now view Vladimir Putin’s economic policies negatively, versus 15% positively, marking the first net-negative reading since 2022, according to NEST Centre polling.
  • The shift comes as Ukrainian strikes on oil infrastructure, European sanctions and wartime spending squeeze Moscow’s finances; defense now absorbs 40% of the federal budget.
  • Economic discontent is concentrated among poorer Russians, people aged 45-65 and social-media news consumers, while younger, wealthier, Moscow-based and traditional-media audiences remain markedly more supportive.
  • 36% of respondents said the economy worsened over the past three months, against 18% who saw improvement, putting sentiment near levels seen during the COVID-19 shock and the 2018 pension reform backlash.
  • Researchers said the Kremlin still sees the mood as grumbling rather than a political threat, though accumulating dissatisfaction could increase pressure on Putin and raise the risk of policy mistakes.

Insights

With its wealth fund depleted, how long can Russia's war economy defy sanctions and public anger?
As Russia's economy splits into a military boom and civilian decline, which track will break first?
Is Russia's digital isolation and reliance on China a bigger long-term threat than the war itself?