how Russia's economy will struggle to pay the price of invading Ukraine
- Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University
The invasion of Ukraine has placed Russia on the verge of bankruptcy. Interest rates have doubled, the stock market has closed, and the rouble has fallen to its lowest level ever.
The military costs of war have been exacerbated by an unprecedented level of international sanctions, sustained by a large coalition of countries. Russian citizens, now...