The Napoleonic Wars transformed the status of the Russian Empire within Europe. At the beginning of the campaigns the perception of the other major European powers was that Russia was not capable of inflicting a major defeat on Napoleon without allied support. Alexander I was humiliated at the ...
Why does this matter in the Ukraine war? While the West moved quickly to hit Russia with sanctions to constrain its war effort after the full scale invasion of Ukraine in February 2022, the anticipated crippling of the Russian economy hasn't quite materialised. Experts say thats's largely beca...
The longer the war lasts, the more Russia will find ways of adjusting its economy. It has changed its economic and budget priorities towards funding the war effort while other spending has been cut. Emerging evidence confirms that Russia is increasingly able to get around constraints from the sa...
"If you put your economy on a crisis or war footing, your GDP rises because you are producing more shells and tanks and all the things that are going to get destroyed, but you're also wasting the resources and the wealth of your country, and this has limits," he said. — Sophie Kid...
The war has already caused more than $60 billion in damage to buildings and infrastructure, World Bank President David Malpass said. And the International Monetary Fund in its latest world economic outlook stated that Ukraine's economy will shrink by 35% this year and next. The question of ...
"Putin will continue stonewalling and slow-walking ceasefire efforts till his economy is hit hard - isolating it on a financial island," Blumenthal said. "When it comes to Russia's games, enough is enough," Graham said. The Senate bill now has at least ...
Russia is facing the prospect of another raft of sanctions on prominent individuals and sectors of the economy after it oversaw a series of sham referendums in four Russian-occupied parts of Ukraine, and is expected to annex those regions imminently. ...
Russia's invasion has devastated the Ukrainian economy, with millions of people fleeing the fighting, cities and infrastructure bombed and supply chains disrupted. In the first year of the war, Ukraine's GDP - a measure of a country's wealth - fell by nearly 30%....
The International Monetary Fund still expects Russia’s economy to expand by 0.3% this year and 2.1% thenext. Yet any outlook is contingent on what happens in Ukraine. “Whether the economy shrinks or expands in 2023 will be determined by developments in the war,” Tatiana Orlova, an economi...
The US has been working to continue its pressure on Moscow through further sanctions as cracks emerged this summer in Russia’s economy and society because of the war and unprecedented sanctions regime from the US and its Western allies.