14min chapter

World Business Report cover image

Does Russia’s economy need a peace deal?

World Business Report

CHAPTER

Impact of Conflict on Russian Daily Life and Economic Landscape

This chapter explores the harsh repercussions of ongoing conflict on Russians' daily lives, emphasizing difficulties with international purchasing and travel due to banking restrictions. It analyzes the labor market challenges, particularly in the IT sector, and discusses the economic strains faced by individuals, including a pensioner highlighting the struggle with inflation. The chapter also considers the Kremlin's potential responses to economic pressures and the shifting global trade dynamics, particularly towards China and India.

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