Monday, July 28
‘The Russian Economy, Despite All Its Problems, Can Sustain Putin’s Military Adventure’
In an interview with Republic, Vladislav Inozemtsev argues that the Russian economy has vast resources, like massive household and corporate deposits at banks, and the system is relatively stable. The main threat is a further ramp-up of military spending, but Inozemtsev believes Putin realizes this and will only increase defense expenditures in line with inflation or by less.