Sergey Aleksashenko

The Russ­ian econ­o­my has fall­en into a re­ces­sion, but eco­nom­ic and po­lit­i­cal in­sta­bil­i­ty are not yet on the hori­zon.

De­spite West­ern sanc­tions and an ex­pect­ed drop in oil and gas rev­enues, Rus­sia can still pay for its war on Ukraine.

Sanc­tions will hurt or­di­nary Rus­sians, but will not col­lapse the Russ­ian econ­o­my.