Putin’s Approval Slumps Amid Economic Turmoil: Support for the War Drops to Just 9%.

Russia Under Growing Economic Pressure

According to UATV: Vladimir Putin’s approval ratings are declining sharply as Western economic sanctions, Ukrainian strikes on Russian military sites, and rising prices take their toll. Recent polling data shows that 55% of respondents report a gloomy mood among their peers. The share of those who back the war against Ukraine has fallen to 9%, signaling increasing public discontent.

Between June 22 and 28, Putin’s job approval rating dropped by 3.5 percentage points. This decline coincides with severe economic troubles facing the country. The federal budget deficit has surpassed 6 trillion rubles, highlighting a catastrophic shortage of state funds. The economic situation is further worsened by a record total household debt to banks, which has reached 45 trillion rubles.

Socioeconomic Woes and Their Fallout

Russia’s socioeconomic problems continue to deepen. Loans overdue by more than 90 days now account for 34% of the loan portfolio held by microfinance institutions. As economist Vladimir Milov notes,

“this economy is suffering from a catastrophic lack of money—a massive cash famine.”

In short, the rise in socioeconomic difficulties, dwindling support for military operations, and the president’s falling approval ratings all point to a tense situation in Russia. The government is grappling with challenges that could have serious repercussions for the nation’s future development.

Given such economic strain and social dissatisfaction, further shifts in the political landscape are possible as the public demands solutions to improve living conditions and address urgent problems. These factors may affect the regime’s stability and its ability to hold onto power in the years ahead.