Imploding Golden Billions

The Russian Reader

Five months into the Russian invasion of Ukraine, there remains a startling lack of understanding by many Western policymakers and commentators of the economic dimensions of President Vladimir Putin’s invasion and what it has meant for Russia’s economic positioning both domestically and globally.

Far from being ineffective or disappointing, as many have argued, international sanctions and voluntary business retreats have exerted a devastating effect over Russia’s economy. The deteriorating economy has served as a powerful if underappreciated complement to thedeteriorating political landscapefacing Putin.

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Source: Jeffrey Sonnenfeld and Steven Tian, “Actually, the Russian Economy Is Imploding,” Foreign Policy, 22 July 2022


Maxim Katz, “How the economy of Russia is dying,” 21 July 2022: “Today we’ll talk about the branches already affected by the upcoming crisis. We’ll talk about the automobile industry and real estate, cinemas, and air traffic. We’ll also discuss why China is not going…

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