Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says (www.businessinsider.com)

submitted 1 week ago* (last edited 1 week ago) by Cephalotrocity@biglemmowski.win to c/ukraine@sopuli.xyz

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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.

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[-] ddplf@szmer.info 13 points 6 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.