Part 6/9:
The ongoing war has fundamentally altered the landscape of the Russian economy. Even as certain sectors briefly felt benefits from increased government spending, the long-term implications paint a much different picture. The reliance on subsidization can only mask the deeper issues for so long before the underlying problems resurface.
As international trade relationships shift away from traditional allies to less favorable partners such as China and India, Russia is finding itself in a precarious position. The broad dependence on Western markets for energy prices has diminished, forced into tighter deals that undermine economic stability. Inflationary pressures continue to mount as governmental attempts to stabilize the economy lead to further currency depreciation.