The Wall Street JournalRussia’s economy is starting to come undone
Russia's economy may be "entering a long-term regression," reports the WSJ. As a result, the country is becoming increasingly reliant on China, threatening to turn Russia into an "economic colony."
Curated by informedMOSCOW—The opening months of Russia’s invasion of Ukraine last year drove an increase in oil and natural-gas prices that brought a windfall for Moscow. Those days are over.
As the war continues into its second year and Western sanctions bite harder, Russia’s government revenue is being squeezed and its economy has shifted to a lower-growth trajectory, likely for the long term.
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