Over the past few days, tensions have been growing globally. By the end of October, stock market may explode, Russian economist Mikhail Khazin said, noting the level of tension can no longer be tolerated. If the said scenario materializes, Russian economy may be hit the hardest.
In his view, the situation is aggravated by the second COVID wave. The disease is not lethal yet exhausting and hard to overcome. If a lockdown in the country is reinstalled, it will produce a devastating financial impact on the people of Russia.
Earlier, Mikhail Khazin stated Russian authorities will have to trigger national currency depreciation to stimulate stalled economic growth.