As Russian president Vladimir Putin marks 25 years in power, spending to back his war in Ukraine is propping up the economy.

In Putin’s Russia, property rights have become casualties of war, with a precarious reliance on personal approval supplanting legal frameworks, foreshadowing potential chaos in a post-Putin era.

The authors of the article studied the exodus of Russians following the invasion of Ukraine. They also examined the challenges faced by the Central Bank as it struggles to control inflation.

The new sanctions package will be extremely painful for the Russian economy, but it’s two years too late to be a gamechanger. In a global context, however, it increases the risk of the fragmentation of the financial system.

The war in Ukraine has been an enormous gift from Russia to China, boosting the status of the yuan and opening up the Russian market for Chinese companies.

Carnegie Politika podcast host Alex Gabuev is joined by Alexandra Prokopenko, a fellow at Carnegie Russia Eurasia, and Dara Massicot, a senior fellow at the Carnegie Endowment, to discuss the future of the war in Ukraine and Russia's economic stability following Moscow's government reshuffle.

They will privately brainstorm options for a sanctions-proof infrastructure before quietly implementing them.

Following the long-awaited release of the U.S. aid package for Ukraine, the best-case scenario for Kyiv in 2024 appears to entail minimizing Russia’s gains to incremental advancements, particularly at the height of its defense spending. But what if Russia’s military expenditure has not yet peaked?

Russia’s economy is being revved up by the Kremlin’s wartime priorities. Having largely completed an adjustment to the Western sanctions regime, the economy has stabilized but is now more dependent on oil prices. This hard-won stability may last a long time, but it is not eternal.

When Vladimir Putin invaded Ukraine, Alexandra Prokopenko quit her job at the Russian Central Bank. In an interview, she explains why the Russian president's economic policy is so successful. And what the West could do that would really harm the Kremlin.