Capsule · The news app for modern leaders

Trends and Insights

15 Dec 2023


That's How Much Bigger The Russian Economy Would Have Been Without Ukraine War

The US Treasury's chief sanctions economist Rachel Lyngaas estimates Russia's defense [spending at over $100bn]( for 2023, constituting almost one-third of its total planned expenditures. The war's effects include increasing costs, a depreciating rouble, rising inflation, and a workforce shortage due to emigration and casualties.