US EditionPutin’s Folly: A Million Casualties, a Struggling Economy, and No Signs of Quitting a Ruinous War
10 Articles
10 Articles
Since February 2022, Russia has been waging war against Ukraine. And it costs money. A lot of money. President Vladimir Putin has resorted to drastic means to finance the war – thereby harming the Russian economy in the long term. It has been known for a long time that Russia is using expropriations from companies and war critics to flush money into the cash registers. A report now also shows how lucrative this approach is. In the past three yea…
Despite the situation, Russia is making significant investments in military power.
The US is thinking about new sanctions for Russia. It is said that these are harder than before. There are similar efforts from the EU.
The Russian stock exchange is a mirror of political realities. Every time the mood between Vladimir Putin and Donald Trump cools down, stock prices plunge down. Russia's economy relies on the US president.
Industry is coughing, the raw materials market is in crisis, oil and gas revenues are shrinking, and citizens are suffering under the cross-pressure of inflation and high interest rates. The Kremlin recognizes the seriousness of the situation.
Russia has entered a trajectory of economic marginalization and non-participation in development, lack of competitiveness, and imitation. This increases the likelihood of deepening the existing civilizational and technological gap with developed countries. The ironic description of Russia as a gas station with nuclear missiles remains relevant, writes Dr. Lidia Adamska, chief economist at THINKTANK.
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- 50% of the sources are Center, 50% of the sources lean Right
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