Russia’s Economy Has Entered the Death Zone

The Economist: “As Russia’s war against Ukraine enters its fifth year, the economy that sustains it has been transformed in ways that will be difficult—perhaps impossible—to reverse without another crisis. Westerners keep waiting for the Russian economy to collapse. It won’t.”

“But nor will it recover. It has entered what mountaineers call the death zone: the altitude above 8,000 metres at which the human body consumes itself faster than it can be repaired.”