"War in Ukraine: where does the Russian economy stand?"

Published on :

5 January 2024

Often ranked 7th or 8th in the world, the Russian economy was judged to be primitive; at the outbreak of the invasion of Ukraine, the waves of economic sanctions put in place by the European Union, the United States and others were expected to bring the Russian economic sector to its knees. It has to be said that this collapse did not happen. Better prepared than Western observers had predicted, and able to maintain its trade via third countries (Kazakhstan, India), Russia is even seeing economic improvements in certain sectors such as construction and logistics. This article sets out to paint a picture of this 'war capitalism', and to identify the strengths and weaknesses of this new economic paradigm, while also revealing many of its flaws.

INOZEMTSEV Vladislav, Politique Etrangère, vol. 88, no. 4, winter 2023