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Russia’s economy is now completely driven by the war in Ukraine – it cannot afford to lose, but nor can it afford to win (theconversation.com)

submitted 8 months ago by 0x815@feddit.de to c/europe@feddit.de

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Cross-posted from: https://feddit.de/post/9438338

Military pay, ammunition, tanks, planes, and compensation for dead and wounded soldiers, all contribute to the GDP figures. Put simply, the war against Ukraine is now the main driver of Russia’s economic growth.

And it is a war that Russia cannot afford to win. The cost of rebuilding and maintaining security in a conquered Ukraine would be too great, and an isolated Russia could at best hope to become a junior partner entirely dependent on China.

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[-] fidodo@lemmy.world 6 points 8 months ago

And this war has only accelerated other countries trying to reduce their dependence on Russia's resources.

this post was submitted on 28 Feb 2024

198 points (97.1% liked)

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