War dispatch – stasis without stability

The shifting goals of war will not produce stability, reduced sanctions or Russian withdrawals. They will produce a long drawn-out war, with the elephant in the room being economic cost, not just of the war, but of Russia having transformed Ukraine into an unviable economy and reducing its own living standards by at least one fifth.  Who will pay the piper: the western allies for Ukraine? And Putin for destroying his own citizens’ wealth and burdening it with the cost of others (eastern Ukraine)?

To read the full report - Login or Subscribe