Prof. Paul Vaaler Co-authors Opinion Piece in The Conversation about Economic Costs of Russia’s Military Interventions

Professor Paul Vaaler co-authored an opinion piece in The Conversation discussing the economic costs of the Russian military interventions including the Ukraine invasion. “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 costs even higher, at $900 million per day. … Despite the toll of war and sanctions, the Russian economy has not collapsed and seems to have proven somewhat resilient against being shut out of global value chains.”