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How Russia’s poor are benefitting from war while the middle class disappears
In the final installment of NV’s in-depth conversation with exiled Russian economist Igor Lipsits, we explore whether growing economic hardship could eventually spark unrest inside Russia—and why he believes that’s a fantasy. Lipsits breaks down the uneven impact of Putin’s war economy, the burden of occupying Ukrainian territory, and why Russia’s future may increasingly resemble that of North Korea. He also explains why, despite war damage, Ukraine is better positioned for long-term recovery and growth than its aggressor.
30 March 2025, 02:16 PM