Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says

MicroWave@lemmy.world to World News@lemmy.world – 244 points –
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
businessinsider.com

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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