Putin could struggle to end the war in Ukraine because it's making some poor Russians richer

• Russia's war against Ukraine has improved conditions for some poor Russians.
• War-related activities drive economic resilience, with 3.6% GDP growth last year.
• High interest rates and military focus pose risks to Russia's economic stability.

Russia's war against Ukraine has made some poor Russians better off, complicating any calculus over how to end it.

Russia's sanctions-hit economy has appeared resilient even over two years into the war, posting 3.6% GDP growth last year