CSIS Warns Putin's Wartime Economy Edges Toward an Abyss

A CSIS briefing argues that Russia’s wartime economy, built on massive state spending to sustain the military, remains afloat but is increasingly strained as sanctions bite, oil revenues fall, and battlefield losses grow; Moscow’s “military Keynesianism” has propped up growth and social payments, but fiscal reserves are dwindling, prompting calls for broader Western sanctions to push Putin toward ending the war and avoiding an economic, political, and military abyss.