About this episode
For months after Vladimir Putin’s fullscale invasion of Ukraine, Western leaders predicted Russia’s economy was on the brink of collapse under sanctions - and yet it didn’t.It transformed into a wartime economy, fuelled by military production, redirected trade routes, and deeper ties with China and India.But now there are signs this may be changing - with industrial output slowing, inflation rising, and severe labour shortages as hundreds of thousands of working-age men have either died, emigrated or been mobilised.And Western leaders are once again questioning how long Putin can bankroll his war machine.So is Russia’s economy finally starting to buckle - or is this still wishful thinking from Ukraine’s allies?On this episode of The Fourcast, Krishnan Guru-Murthy is joined by Arkady Ostrovsky, Russia editor at The Economist, and Elina Ribakova, one of the world’s leading experts on sanctions and Russian macro-economics.
