THE EXPENSE OF VLADIMIR Putin's full-scale invasion of Ukraine, as well as his apparent plans to maintain the war, is putting Russia's economy in danger of "burnout," according to new analysis.
That assessment by the Institute for the Study of War followed a decision by Russia's Central Bank, led by Elvira Nabiullina, to increase its key interest rate by 2 percentage points to 21 percent-the highest level in modern Russian history.
"Russia's economy and war effort is coming under increasing strain," the ISW said in a recent statement, noting this will "pose increasingly acute challenges" to Putin's ability to sustain the war over the long term.
The ISW said the costs of funding the war will increase as Moscow continues to expend manpower and equipment.
"Russian resources are finite, and Putin cannot reckon with these costs indefinitely," it said.
"Russia's economy will reach a burnout point." That may force the Russian president to make major decisions about how to resource the war or change its method of fighting to preserve his regime's stability, the Washington, D.C., think tank added.
Putin, meanwhile, was forced to admit that sanctions on Russia and worker shortages have contributed to economic turbulence in the country.
"Difficulties and imbalances remain in the economy," he said following the announcement by the Central Bank.
"They are primarily caused by those difficult conditions in which we build up industrial, agrarian, and financial potential."
The Russian president referred to issues caused by "external sanctions" as well as "shortages of personnel and technology, logistics. These factors are reflected, among other things, on the dynamics of consumer prices.".
Denne historien er fra November 15, 2024-utgaven av Newsweek Europe.
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Denne historien er fra November 15, 2024-utgaven av Newsweek Europe.
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Falling for Romance
A new book, Nora Ephron at the Movies, celebrates the writer/director best known for her iconic rom-coms and strong female characters
Cracking the Norse Code
Walrus DNA has shown that Vikings were likely the first to have encountered Indigenous North Americans
Monumental Shift
The discovery of 165-million-year-old crystals Easter Island has upended the longheld notion of how the Earth's \"conveyor belt\" moves
'OUR FOREIGN POLICY AND DOMESTIC REFORMS ARE TWO SIDES OF THE SAME COIN'
It is a well-known fact across the globe that the North Korean regime is irrational and unpredictable, but we have been consistent in strengthening our defense posture against the threat from North Korea since the Korean War, and I believe that their conventional capability is much inferior to that of the Korean military.
'They Read My Eulogy As I Lay in an Open Grave'
Like Paris Hilton, Natasia Pelowski claims she was subjected to abuse at a teenage therapy program
Russian Economy Faces 'Burnout'
Vladimir Putin admits difficulties” as the country’s key interest rate reaches a historic high
China's 'Silent Chemical War'
The U.S. must investigate Beijing's role in the manufacturing of fentanyl that is killing Americans, says one mom whose daughter died after accidentally taking the illicit substance
HARSH HEADWINDS
President Yoon Suk Yeol's BATTLE to reform a South Korea beset with structural problems under the specter of an increasingly aggressive neighbor to THE NORTH
Bridget Everett
BRIDGET EVERETT NEVER THOUGHT SHE'D BE THE LEAD OF A TV SHOW. \"I come from the downtown world in New York, a cabaret singer, and these things just don't happen, you don't find yourself with three seasons of HBO.
Amber Ruffin
A LATE-NIGHT COMEDY SHOW ON CNN? YES, and it's a game show, too.
