Cooling off Once red hot, Russia’s war-driven economy is slowing down. What does that mean for consumers, the Kremlin, and Ukraine? — Meduza
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As the full-scale war in Ukraine rages on for its fourth year, and Moscow’s defense and security spending continues at levels not seen since the Soviet era, Russia's economy has started to cool from its peak of 4.5 percent GDP growth in late 2024. What's behind this sudden slowdown? And does it threaten the Kremlin's ability to keep its invasion going? Meduza answers these and other questions about the Russian economy's retreat.