Four years after Russia's full-scale invasion of Ukraine, the Russian economy is showing clear signs of structural exhaustion. The contours of a genuine economic endgame are coming into view for Russia. This is the finding of a new Kiel Report published by the Kiel Institute for the World Economy and the Stockholm Institute of Transition Economics.
I’m still seeing more and more ballistic missiles damaging Kyiv, still see Russia trying to capture cities and regions in the Donbas.
Yes, the economy is bad, but I don’t see the war ending soon because of it. People in rural Russia will just be worse off than they already are…