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Aleksey Kushch “This is an unexpected, but, unfortunately for Ukraine, a very effective move. Unlike many top Russian officials, Belousov has not been involved in corruption scandals and has a reputation as a workaholic technocrat and a devout Orthodox Christian. Putin wants him to clean the Augean stables of the defence ministry so that military spending spearheads the resurgence of Russia's economy. The effectiveness of Russia's military-industrial complex will be boosted, and instead of being a 'black hole' of budget spendings, the defence ministry may become a driver of economic growth, when war spendings stimulate the growth of Russia's GDP.” 59 minutes ago

POLITICS CURRENT EVENTS ECONOMY

“It would be suicidal for Russia to start the invasion because the US and the EU will stop buying Russia's hydrocarbons and fertiliser and will give up on Nord Stream 2, a brand new natural gas pipeline to Germany that awaits certification. Russia will lose two-thirds of its foreign trade revenues, while US energy companies will reanimate their shale oil and liquefied natural gas projects to compensate for the lost exports from Russia. The very existence of Putin's regime that stands on oil exports will be in question.”

www.aljazeera.com/news/2021/12/3/how-r...
Type of Source: News

Researcher

Russia invasion of Ukraine - Economic consequences for Russia

Ukraine - Russia relations