Putin's Nerves Spike as Russia's Economy Continues to Sink.

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Source: Yahoo Finance
Putin's Nerves Spike as Russia's Economy Continues to Sink.
Photo: Yahoo Finance
TL;DR Summary

Russian authorities seized Wall Street Journal reporter Evan Gershkovich just a day after he co-authored a Journal story on how Russia’s economy is “starting to come undone.” Russia says Gershkovich was spying, which the Journal adamantly denies. Sanctions are finally beginning to strangle the Russian economy in ways that could set it back for years. Russia is undergoing “reverse industrialization” in which the military-industrial complex driven by war needs crowds out the consumer economy, as in Soviet times. Putin is feeling the rising heat of a failing war and a flatlining economy.

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