Ukrainecast

Putin's war economy: Are Russians feeling the pinch?

Oct 4, 2024
Joining the discussion are Stephanie Baker, a senior Bloomberg writer and author of "Punishing Putin," and Alexander Gabuev, director at the Carnegie Russia Eurasia Centre. They dive into Russia's dramatic 25% increase in defense spending amidst mounting economic challenges. Is the war economy sustainable? Despite Western sanctions, Russia shows surprising resilience, bolstered by oil revenues. The guests explore socio-economic divides in Russia, with labor shortages and shifting demographics raising questions about the long-term viability of this military-driven model.
Ask episode
Chapters
Transcript
Episode notes