This 1-minute video narration covers the growing crisis in Russia’s aviation industry, where over 30 airlines are on the verge of bankruptcy due to Western sanctions. With rising debts and a halted £65 million turbine engine plant, Moscow’s efforts to replace Western jet parts are failing. The video highlights the impact of inflation, soaring interest rates, and the overall economic downturn, raising the question—Is Russia’s economy on the brink of collapse?
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WooGlobe Ref : WGA787884
For licensing and to use this video, please email licensing@wooglobe.com
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00:00Russia's aviation industry is crashing, and it's not just turbulence, it's a full-blown disaster.
00:05Over 30 airlines are on the brink of bankruptcy as Western sanctions tighten their grip.
00:11With debts piling up and foreign aircraft leases unpaid, the industry is spiraling down.
00:17Even a massive 65 million pounds turbine engine plant planned in St. Petersburg
00:22has been scrapped before construction even started.
00:25Russia's efforts to replace Western jet parts have failed,
00:28slashing engine production goals by half.
00:31Meanwhile, sky-high inflation and interest rates at a staggering 21% are crippling businesses.
00:37With Moscow's aviation sector in freefall, is this the beginning of Russia's economic collapse?