The Russian economy is still fairly stable. The country can afford to wage war for a while longer, in the short term, but in the long term, it is unsustainable as the money is running out. This conclusion is drawn in a new study from the Östekonomiska Institute (Site) at the Stockholm School of Economics.
However, from a Russian perspective, it sounds completely different, and the purpose of the study is to debunk the Russian arguments.
"Contrary to the narrative from the Kremlin, time is not on Russia's side," writes Site in the report.
Continued sanctions and support to Ukraine are therefore of the utmost importance.
"It is important that we continue to clearly show that the Russian economy is not as strong as Putin claims," writes Finance Minister Elisabeth Svantesson in a comment on the study.
She has previously commissioned a study from the Konjunkturinstitutet, which in an economic analysis came to roughly the same conclusion.
