Policy insights
Ukraine Initiative
Policy Insights
Policy Insight 131: Russian economy on war footing: A new reality financed by commodity exports
The Russian full-scale invasion of Ukraine in 2022 is the most critical juncture for the global economic and security order since World War II. Not only has Europe not experienced this hostilities of this intensity since 1945, but also security is increasingly questioned – and tested – in other parts of the world. After more than 800 days of Russian aggression, it is clear that the war of attrition is a key element of the conflict. Hence, to assess the prospects, one has to understand the economic capacity of each side to continue the war effort. This Policy Insight examines the state of the Russian economy and provide an outlook.
