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.

cross-posted from: https://lemmy.world/post/21521751

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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.

  • zabadoh
    5·
    19 days ago

    Q: Will Putin be okay, because he’s the richest man in Russia?

    A: Yes.

    Then war will continue.