Russia’s current economic growth is based solely on weapons, but economic growth based on war is not sustainable, according to Michael Rochlitz, professor of Russian, Eastern European and Eurasian economics at St. Antony’s College, University of Oxford.
“The Russians are creating weapons that are destroyed in Ukraine so that they can then create new ones. Every potential shell to be produced is initially seen as a positive for economic growth. But this is not an investment in the future. This economy will collapse when the war is over,” said Michael Rochlitz.
It was for this reason that the economy of the Soviet Union collapsed at one time, according to the professor.
