US President Donald Trump has launched a mission to reset relations with Russia, promising Russian President Vladimir Putin to abide by the terms of the peace agreement if it is signed. However, the Russian economy is directly dependent on the war in Ukraine, writes The Telegraph.
The British daily notes that the Russian economy has suffered significantly due to the full-scale invasion of Ukraine, for which Moscow had to spend huge sums of money. The situation is further aggravated by Western sanctions, labor shortages, high inflation and record interest rates.
The publication emphasizes that the paradox in this case is that the only growth engine for the Russian economy at this moment remains the continuation of military operations. Moreover, nationalist anti-Western propaganda has become the basis of Putin's power, which is why he will not end the war.
"Putin does not want peace and will not put up with it. He enjoys war. It is terrible. But he does not want to end the war," Simon Johnson, a professor at the Massachusetts Institute of Technology and former chief economist at the IMF, told reporters.
Trump is confident that establishing economic ties with Ukraine will be enough to deter future conflict. However, Johnson believes that a peace agreement will not force Putin to abandon his imperialist ambitions.
"Trump is very deluded by Putin. Trump wants a quick victory. He wants a triumph and a show, and Putin will play with him. "It has been played," he explained.
Alexander Kolyandr, an employee of the Center for European Policy Analysis, said that the military economy now accounts for 8-10% of Russia's gross domestic product (GDP).
Russia's economy is directly dependent on the war! Vladimir Putin can't afford peace
The Russian economy has suffered significantly due to the full-scale invasion of Ukraine, for which Moscow had to spend huge sums of money
Mar 3, 2025 13:44 339
