Four years after Russia's full-scale invasion of Ukraine, the Russian economy is showing clear signs of structural exhaustion. The contours of a genuine economic endgame are coming into view for Russia. This is the finding of a new Kiel Report published by the Kiel Institute for the World Economy and the Stockholm Institute of Transition Economics.
Absolutely, Putin has used extreme measures of kicking the can down the road, so it has been happening more slowly than expected. But now Putin and Russia are out of tricks, and things seems to be accelerating a lot now.