Four years after Russia's full-scale invasion of Ukraine, the Russian economy is showing clear signs of structural exhaustion. The contours of a genuine economic endgame are coming into view for Russia. This is the finding of a new Kiel Report published by the Kiel Institute for the World Economy and the Stockholm Institute of Transition Economics.
Part of the reason this happens is these changes take a lot longer than anyone would really like.
But, there are widespread fuel shortages in Russia, most of the country is facing some type of rationing, and that’s something that hasn’t happened before.