War in Ukraine: How Does the Russian Economy Stand? Politique étrangère, Vol. 88, No. 4, Winter 2023

The Russian economy is weathering the war and Western sanctions: it has maintained its exports, its business sector has shown marked dynamism, and the population is managing in part thanks to state spending.

The fact remains that in the long term this economy may risk going into real decline, as a consequence of isolation, aggravated by a demographic deficit and a collapse in human capital. “War capitalism” is undoubtedly not viable in the long term.

Vladislav Inozemtsev, Russian Media Studies Project Special Advisor at the Washington-based Middle East Media Research Institute, is the director of the Moscow-based Centre for Research on Post-Industrial Societies.

Article published in Politique étrangère, Vol. 88, No. 4, Winter 2023.

Keywords

Sanctions War economy War in Ukraine Russia