'Crumbling' is the better word. 21% interest rates, 9+% inflation, 26% inflation on butter, falling ruble, falling revenues. It's slowly happening but it is happening. People said that inflation would correct, it hasn't. The target inflation for this year was 4.0%, Russian couldn't even achieve 2x that figure despite almost tripling interest rates since last summer (7.5% to 21%). The Russian Bank is already warning of more interest rate rises with no limit. They can't stem inflation and people don't want to lend them money even at 21% because there is a growing belief that Russia is printing money into existence and fiddling the figures.