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Empire building has always come at an economic cost for Russia – from the days of the czars to Putin's Ukraine invasion

  • Written by Christopher A. Hartwell, Professor of International Business Policy, ZHAW School of Management and Law
Empire building has always come at an economic cost for Russia – from the days of the czars to Putin's Ukraine invasionThe Russian economy: A Potemkin village?Getty Images

President Vladimir Putin’s invasion of Ukraine has come at huge economic costs. By conservative estimates, the Russian economy has taken a US$67 billion annual hit as a result of war expenses and the effects of economic sanctions. In the early stages of the invasion, some analysts put the...

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