What’s the Secret of the Russian Economy’s Resilience | Carnegie Politika Podcast

Carnegie Politika podcast host Alex Gabuev is joined by Alexandra Prokopenko, a nonresident scholar at the Carnegie Russia Eurasia Center and former advisor to Russia’s central bank, to discuss the current state of the Russian economy, explore the reasons for its continued resilience, and examine the potential future consequences. The Western sanctions imposed against Russia in response to its full-blown invasion of Ukraine were not just designed to put a cost on Moscow’s actions, but also to stem the flow of materials and money enabling it to wage war. Why did this hope fall short, and how is Putin’s wartime economy faring as we approach 2024 and the second anniversary of the invasion? What do we know of the current state of the Russian economy, and what indicators can we use to plot its trajectory?