"Russia, which lost its ally in Syria due to the war in Ukraine, received help from Turkey and is hoping for Saudi Arabia"

World

The war and the economic pressure that followed have brought Russia's economy to the brink of collapse. Russia's economy has been under high pressure over the last two years due to defense spending and the resources required to finance the war.

"Russia, which lost its ally in Syria due to the war in Ukraine, received help from Turkey and is hoping for Saudi Arabia"
Another factor that has led Russia to an economic crisis is the lack of skilled labor in recent years and the mass emigration of youth, especially those with higher education.

Currently, there are hundreds of thousands of vacancies in Russia’s IT sector and defense industry, but there is a shortage of qualified specialists to fill them.

After the collapse of Bashar al-Assad's regime in Syria, Russia’s sole ally in the Middle East, Russia has been weakened on the international stage. Assad's fall has diminished Putin’s credibility. Thus, Russia is facing challenges not only in the war with Ukraine but also in regional geopolitics.

Turkey’s role in rescuing Russian generals has exposed the Kremlin's weaknesses. Even if Russia succeeds in retaining its naval base at Tartus, this will happen on Ottoman terms and with their approval.

Putin's rule today is being compared to the collapse of the Soviet Union. Most observers speculate that if Saudi Arabia floods the world market with cheap oil again, Russia’s economy could spiral out of control. Further drops in oil prices will lead to economic stagnation and internal crisis in Russia, reports The Telegraph.

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