Putin is cannibalizing Russia's economy as war in Ukraine derails financial order, Yale researchers say
Views (52)
Putin has embarked on a "merciless cannibalization" of Russia's economic productivity, two Yale researchers said.
Putin has begun a "merciless cannibalization" of Russia's economy, two Yale academics said.
Researchers pointed to the chaos unfolding in Russia as Putin tries to cover the nation's growing budget deficit.
Russia's show of economic strength is a "facade," the researchers said.
Vladimir Putin is ruining his nation's economy, as the Russian president is derails the financial order in his quest to conquer Ukraine, according to two Yale researchers.
"Far from the prevailing narrative on how Putin funds his invasion, Putin's financial lifeline has his merciless cannibalization of Russian economic productivity," Sonnenfeld and Tian said. "He has been burning the living room furniture to fuel his battles in Ukraine, but that is now starting to backfire amidst a deafening silence and dearth of public support."
"That resilience is nothing but a Potemkin façade, sustained not through genuine economic productivity but rather through shaking down the entire country for pennies to direct towards war," Sonnenfeld and Tian said. "Putin can continue to sustain his invasion of Ukraine this way, but in doing so, continues to rip off his own people. In avoiding outright economic collapse by mortgaging Russia's future, he grows more unloved by his people and is thus increasingly weakened.
"Amidst such undisguised plundering of the Russian economy, stripping it down for war toys, it is perhaps no surprise that Prigozhin's failed putsch this past weekend revealed no lost love for Putin domestically from the Russian populace and elites," the researchers said.
0 Likes