3.12.2024

Sound familiar?

As Putin orchestrates his reelection, a resilient Russian economy is a key selling point

Massive Russian spending for military equipment and hefty payments to volunteer soldiers are giving a strong boost to the economy. Government-subsidized mortgages are supporting apartment buyers in a powerful kick to the booming construction sector, as evidenced by several mammoth high-rise developments going up on the banks of the Moscow River.

It's not all rainbows. There'll be a massive bill come due for the Russians (and for the U.S. too) somewhere down the line. But it seems to me — and I'm out of my depth here, I admit — it seems the attempt to restrain Russia's military adventure by imposing economic sanction is a flop.

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