Russian President Vladimir Putin is facing big problems with his economy as the price of food in the country soars.
In some ways, Russia’s economy has exceeded expectations with its GDP rising by three percent in the last year.
Moscow’s finance ministry also plans to spend a record 36.6 trillion rouble (£320 billion) in the coming year as it continues to invest heavily in its invasion of Ukraine.
However, one problem facing Russians is the soaring price of staples like eggs, something that could also indicate wider problems with the economy.
The price of eggs has risen in Russia by 40 percent in the last year.
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He highlights that the Russian state has ordered an inquiry into potential price fixing – meaning they will have to investigate whether eggs are being “hoarded”.
Mr Galeotti also describes how a former FSB officer once told him: “It’s going to be wage arrears or food shortages that one day may bring Russians out on the streets, and then they will decide if this is a revolution of the left or the right.”
Before the war in Ukraine, Russia sourced 98 percent of its eggs from within the country.
However, Russia is now turning to Azerbaijan and Turkey to supplement its supply.
Last month. President Putin even apologised for the egg crisis, saying: “I apologize for this, but this is a failure of the government’s work.
“I promise that the situation will be corrected in the near future.”
Putin will also be eager to resolve the issue before Russians go to the polls in the presidential elections in March.
