#114 Janis Kluge: Russia Can't Afford This War Anymore. And The Real Crisis Is Just Beginning

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The Russian economy is in trouble and the trouble is getting bigger - but its problems are different than what most people imagine them to be. Usually, the arguments tend to be that the Russian economy is either doing fantastic or that it’s about to collapse. In reality it’s none of that, but there is something else that is making the Kremlin worried, that will become a bigger and bigger problem for it to deal with and that will influence all of its decisions - and that could potentially present a problem for the stability and survival of the regime.

I talk about that - and much more, like why the Iran war matters far less for Russia’s economy than most people assume - with Janis Kluge, a foremost European expert on Russian economy and a Senior Associate at the German Institute for International and Security Affairs.