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

submitted 1 month ago by Sauvandu60@lemmy.ml to c/worldnews@lemmy.ml

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cross-posted from: https://lemmy.world/post/21521751

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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[–] yogthos@lemmy.ml 3 points 1 month ago

Given that Russia is now reindustrializing as the result of the war, seems like the opposite would be happening.