Continuing the war means the economy faces stagnation, while ending it would shut off the massive defense spending that's driven growth, Alexander Mertens writes.

Summary

Regardless of Putin’s decision regarding the war in Ukraine, Russia’s economy is facing a crisis due to factors such as sanctions, a shrinking sovereign wealth fund, and a labor shortage. The war has boosted growth, but Russia cannot sustain it without significant economic consequences.

  • fuckingkangaroos@lemm.eeEnglish
    2·
    21 days ago

    Putin and his Russian Mafia oligarchs don’t mind the destruction of countless opportunities for their subjects. It’s a sacrifice that they are willing to make.