The Russian Economy Is in a War of Attrition.

When Russian President Vladimir Putin launched a full-scale invasion of Ukraine, he intended to quickly subjugate the entire country. That, of course, didn’t happen. Ukraine – backed by a global alliance – fought back. Tens of thousands of Ukrainians and Russians have died and tens of millions of people have been displaced, energy markets have been disrupted, diplomatic relationships have been reordered, Western Europe has rearmed, and NATO has been revitalized. Punishing sanctions have been imposed on Russia, but strangling its economy has been difficult. Still, Putin’s war machine has been exposed as disastrously inept, and he’s threatened to use nuclear weapons if necessary. To take stock of all of this, Tim is joined by Stephen Kotkin, a senior fellow at Stanford University’s Hoover Institution who is widely regarded as one of the foremost experts on Russia – its history, culture, and economy. 

See omnystudio.com/listener for privacy information.