EP158: Why Putin Can't Afford Peace

Summary:

In this episode, we examine Russia's economic prospects following a hypothetical end to the war in Ukraine. We highlight an economy heavily reliant on military spending and commodity exports, which faces significant disruptions due to the cessation of hostilities and the lifting of international sanctions. The immediate aftermath involves factory closures and rising unemployment. The medium term requires substantial industrial restructuring and diversification of energy markets. Long-term, Russia must overcome technological stagnation and a brain drain to achieve sustainable growth. The nation's future hinges on effective governance, global trust, and the resilience of its people in the face of economic challenges and social inequalities.