Russia's war with Ukraine has its economy facing 'death by a thousand cuts,' economist says

Mon, 02/26/2024 - 09:12

Russian President Vladimir Putin joins his hands as he holds a meeting of the Russia — Land of Opportunity platform supervisory board at the Catherine's Hall of the Kremlin in Moscow on April 20, 2022.
MIKHAIL TERESHCHENKO/Sputnik/AFP via Getty Images

Russia's war with Ukraine has its economy facing "death by a thousand cuts," a British economist wrote.
The country faces many headwinds, from inflationary pressures to a low birth rate to a bloating fiscal deficit.
It's likely that damage to Russia will increase slowly but surely over time, Roger Bootle says.

Russia's economy seems to be getting along amid its protracted war in Ukraine and harsh sanctions from the West, but that can't go on forever, according to one economist.