"The Impact of Russia's War Calculus on its Economy and Global Relations"

According to economist Renaud Foucart, Russia's economy is so heavily reliant on its war in Ukraine that it cannot afford to either win or lose. The nation's GDP growth is primarily driven by military spending, leading to a severe labor shortage and high inflation. Even if Russia emerges victorious, it would struggle to rebuild and secure Ukraine due to financial constraints and isolation from global markets. With Western nations imposing sanctions, Russia's best hope may lie in becoming increasingly dependent on China.