Ones and Tooze
The Success of Russia’s War Economy
Jun 14, 2024
Exploring Russia's economic success amidst sanctions with a focus on military support, weapons manufacturing, and the appointment of Andrei Belousov as defense minister. Analyzing the contrasting economic strategies of Russian technocrats, reflections on accomplishments, and the dynamics of Putin's regime during crises.
28:05
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Quick takeaways
- Russia's economy grows despite sanctions, focusing on military support and weapon manufacturing.
- US sanctions aim to disrupt Russian economic activities, potentially impacting China's role as a partner.
Deep dives
Russian Economy Projected to Grow Despite Sanctions
Despite facing extensive Western sanctions due to the war in Ukraine, Russia's economy is projected to grow by 3.2%, outpacing all advanced economies. This growth is attributed to the country's focus on supporting the military, manufacturing weapons for the ongoing conflict, and the appointment of Andrei Belisov with an economics background as defense minister.
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