Russia is facing stagnating innovation, more dependence on China, and will become a state-led economy as war in Ukraine drags on, economists say

• Experts weighed in on how Russia's war effort is impacting its economy a year after the invasion of Ukraine. 
• The longer the conflict persists the more likely Russia is to depend on China for resources, experts said.
• "Russia's people are resilient, and they will do something, but technology cannot just be wished into existence," a Wharton professor told Insider.

Russia's war in Ukraine has dragged on for over a year, with the conflict showing signs of warping and deindustrializing its economy. 

Economists says the country will be facing a myriad of obstacles, including a slowdown of productivity and diminished innovation.