No, Russia is Not Winning

Anastassia Fedyk and Yuriy Gorodnichenko

8 March 20245 Minute Read

Standing strong: the Motherland Monument in Kyiv, Ukraine. Image: Bohdan Melnyk / Adobe Stock

Two years after Russia launched its full-scale war of aggression, Ukraine is still holding the line militarily, and even beginning to recover economically. As much as Vladimir Putin wants the world to think he has shielded the Russian economy from blowback, recent financial and economic developments suggest otherwise.