Anders Åslund, Senior Fellow at the Stockholm Free World Forum, writes in Project Syndicate about how the war in Ukraine is pushing Russia toward economic stagflation. The country is grappling with rising inflation, shortages of technology and labor, and rapidly declining liquid assets.
“… the Russian economy is approaching its moment of truth. Inflation will continue to rise in 2025, and people will get even angrier over higher food prices … As the risk of a financial crash rises, Russia’s imperiled economy is about to pose serious constraints on Putin’s war.”
Read the article here.