How sanctions and military spending reshape Russia's economic and political priorities
Russia’s war economy has defied initial predictions of collapse following Western sanctions. Instead, Russia's GDP has grown, and its military spending has increased to 6% of GDP. However, the economy faces challenges, including human capital flight, reliance on fluctuating energy prices, and possibly capital depreciation. The limits of sanctions highlight the need for the West to bolster its military capabilities to effectively counter Russia’s aggression.
By Alvin Buerck
Looking at economic data, (...) Russia’s war economy outperformed expectations, seems to be resilient, and shows no signs of slowing down.
Looking at economic data, (…) Russia’s war economy outperformed expectations, seems to be resilient, and shows no signs of slowing down.
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