Russia's Economy in the 'Death Zone': Permanent Stagnation After Five Years of War
By
thelastgallon
Warm and crisp on the edges. A bagel with a bit of bite.
Summary
The article analyzes Russia's economy after five years of war with Ukraine, describing it as entering a 'death zone' where it's consuming its own resources without collapsing but also unable to recover. The economy has been transformed in ways that will be difficult to reverse without another crisis, and while Western expectations of collapse haven't materialized, the economy is in a state of permanent stagnation and self-consumption.
Key quotes
· 3 pulledAS RUSSIA'S WAR against Ukraine enters its fifth year, the economy that sustains it has been transformed in ways that will be difficult—perhaps impossible—to reverse without another crisis.
Westerners keep waiting for the Russian economy to collapse. It won't. But nor will it recover.
It has entered what mountaineers call the death zone: the altitude above 8,000 metres at which the human body consumes itself faster than it can replenish.
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