Why the Russian economy is resilient and can withstand the war effort

It is a hope often raised by Western elites and Russian opponents, to refuse the policy of “appeasement” demanded by those who are weakening in the face of Putin’s escalation. Constrained by Western sanctions, dried up by war efforts, the Russian economy has already taken the path to collapse. It is true that she is not doing well. Since August, the ruble has lost a quarter of its value. Inflation is accompanied by skyrocketing interest rates. Business bankruptcies are increasing and the economic fabric, strained by heavy spending on military industry and soldiers’ salaries, is inexorably weakening.

However, the Russian economy has lost neither its strength nor its stability. She can continue to support Putin’s war for several years. In any case, this is what three Russian economists from the European think tank Case, based in Cyprus, say in their latest report, which…