The Iron Grip of Military Expenditure Amid Economic Constraints

How fragile is the state of Russia’s economy?

In this episode of One Decision, hosts Christina Ruffini and Sir Richard Dearlove, former MI6 Chief, sit down with Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center, who left her role as an advisor to the Bank of Russia after the 2022 invasion of Ukraine. Prokopenko discusses how state spending, Chinese trade, and quick adaptation by Russian firms have kept economic growth alive — even as inflation and labor shortages strain the system. They examine the cracks in Putin's war-fueled economy, why the Kremlin is unlikely to cut defense spending, and how sanctions are strengthening, rather than weakening, domestic solidarity.

Episode produced by Situation Room Studios. Original music composed and produced by Leo Sidran.