Swedish intelligence said Russia has been covering up a weak, debt-driven economy hit by war costs and sanctions, warning of rising inflation and banking risks.
We knew how bad the situation was economically but we also knew sanctions would have a much delayed effect. Economists have explained that plenty back when it seemed sanctions wouldn’t do much at first. As far as I’m aware, Russia transformed into a full on war economy since. That delayed things even further but it will make the fallout even worse for the country. Putin really doesn’t care if Russia even still exists when he goes down.
We knew how bad the situation was economically but we also knew sanctions would have a much delayed effect. Economists have explained that plenty back when it seemed sanctions wouldn’t do much at first. As far as I’m aware, Russia transformed into a full on war economy since. That delayed things even further but it will make the fallout even worse for the country. Putin really doesn’t care if Russia even still exists when he goes down.
“Après moi, le déluge” - Vladimir XV.