Article:

“ Taylor: The biggest economic problem that Russia and Russians face today is, of course, the war. Instead of an expected growth of around 4% for 2022-2023, Russia's economy is expected to decline by 8% over those two years. Sanctions have hit production in key sectors very hard, and the effects will continue to mount. The government is shifting to a wartime economy, which means even more state control and military spending and less investment in human capital such as education and health care.”