Fortune (February 22)
2026/ 02/ 24 by jd in Global News
“Four years after Vladimir Putin ordered an invasion of Ukraine, Russia’s economy has entered a ‘death zone.’” Former Russian central bank advisor Alexandra Prokopenko, currently a fellow at the Carnegie Russia Eurasia Center, believes “the Russian economy is eating its own muscle to survive as Putin’s war on Ukraine destroys future capacity.” The economy might not be ”headed for an imminent crash, but GDP has stagnated, oil revenue has been halved amid Western sanctions, and the government’s budget deficit is rapidly draining reserves.”
Tags: Budget deficit, Central bank, Crash, Death zone, Economy, Future capacity, GDP, Government, Invasion, Oil revenue, Prokopenko, Putin, Reserves, Russia, Stagnated, Ukraine, Western sanctions
