Russia's Inflation Dilemma

This chapter explores the complexities of Russia's inflation crisis, attributing it largely to an overheated economy driven by substantial government spending, particularly in military sectors. It examines the central bank's struggle to control rising inflation amidst the challenges posed by these expenditures and the unreliable nature of official economic statistics. The discussion includes the implications of sustained military spending on both the economy and social policies, illuminating the longer-term strategic hurdles faced by Russia.