With Vladimir Putin’s war of aggression in Ukraine approaching its third anniversary, the financial, technological, and demographic hurdles facing the Russian economy are more severe than is commonly understood. Contrary to what the Kremlin would like others to believe, time is not on Russia’s side.
STOCKHOLM – Since 2014, and especially since 2022, Russia’s economy has been subjected to severe international sanctions. Yet assessments of their impact vary greatly. Russian President Vladimir Putin and his cronies boast that the sanctions make Russia stronger, but they incessantly call for all restrictions to be lifted. At the same time, many claim that the sanctions have had little impact, while others argue that this is because the sanctions are too timid.
STOCKHOLM – Since 2014, and especially since 2022, Russia’s economy has been subjected to severe international sanctions. Yet assessments of their impact vary greatly. Russian President Vladimir Putin and his cronies boast that the sanctions make Russia stronger, but they incessantly call for all restrictions to be lifted. At the same time, many claim that the sanctions have had little impact, while others argue that this is because the sanctions are too timid.