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Russia's old economy is gone, and its wartime transformation has the military primed for a resurgence, former State Dept. official warns

The article from MSN discusses the transformation of Russia's economy due to its ongoing conflict with Ukraine. According to the insights from a former State Department official, Russia has shifted its economic focus towards military production, effectively reverting to a wartime economy. This shift has seen a significant increase in military spending, with Russia now producing more military equipment than before the invasion, thanks to government subsidies and a focus on defense industries. The official warns that this economic pivot could lead to a resurgence in military capabilities, potentially making Russia a more formidable opponent in the long term. The article also touches on the broader implications, including the strain on other sectors of the economy, the impact of Western sanctions, and the potential for Russia to become more isolated and militarized, which could have lasting effects on global security dynamics.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/russia-s-old-economy-is-gone-and-its-wartime-transformation-has-the-military-primed-for-a-resurgence-former-state-dept-official-warns/ar-AA1A4Luw ]