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

Archive Link

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.

    • ddplf@szmer.info
      13·
      21 days ago

      Sometimes I find myself wondering if spontaneously invading a sovereign European nation with strong ties to the most powerful alliance on earth was all that great decision in terms of economy and wellbeing.