Russian sanctions impact

Russia’s war-driven economy is facing growing pressure from sanctions and declining revenues, with the impact increasingly felt in regions that previously benefited from soaring military spending, Bloomberg reported on Feb. 27.

Igor Lipsits was once one of Russia’s leading economists—a professor, author, and government advisor who spent decades studying and shaping economic policy. But today, he finds himself in exile, labeled a "foreign agent" by the Kremlin, unable to return to his home country. In an exclusive interview with The New Voice of Ukraine, Professor Lipsits explains how his outspoken views on Russia’s economic failures made him an enemy of the state. He also breaks down the Kremlin’s attempts to maintain an illusion of economic stability while key industries collapse, and he warns of a financial crisis that could shake Putin’s regime.