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Russia’s economy is now completely driven by the war in Ukraine – it cannot afford to lose, but nor can it afford to win (theconversation.com)

submitted 8 months ago by 0x815@feddit.de to c/europe@feddit.de

51 comments fedilink hide all child comments

Cross-posted from: https://feddit.de/post/9438338

Military pay, ammunition, tanks, planes, and compensation for dead and wounded soldiers, all contribute to the GDP figures. Put simply, the war against Ukraine is now the main driver of Russia’s economic growth.

And it is a war that Russia cannot afford to win. The cost of rebuilding and maintaining security in a conquered Ukraine would be too great, and an isolated Russia could at best hope to become a junior partner entirely dependent on China.

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[–] gapbetweenus@feddit.de 43 points 8 months ago (35 children)

Russia has managed to switch to war economy, that is not really good news for Europe.

[–] hanekam@lemmy.world 11 points 8 months ago (5 children)

It isn't good news for Russia either.

[–] uebquauntbez@feddit.de 10 points 8 months ago (1 children)

It's pretty good for China and India. Eastern Russia will be Northern China in a few years. With all ressources. Until 2038 maybe.

[–] hanekam@lemmy.world 6 points 8 months ago

On the other hand, China had access to those resources already, and are now much more exposed internationally, as evidenced by recent Western efforts to "de-risk" economic relations.

India are making a lot of money but they've also lost their main weapons supplier and are now forced to turn to Western countries to fill the gap. A position they most definitely didn't want to be in.

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