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From the very start of Putin's war against Ukraine many experts (including myself, at least for several months) had been predicting the Russian economy would collapse due to the Western sanctions, skyrocketing military expenditures, and decrease in the active workforce caused by the massive mobilization and tremendous exodus of young and self-made people from the country.
The economic reforms attempted under Yeltsin between 1992 and 1998were poorly planned, ineptly executed, and plagued with corruption.
Since their country invaded Ukraine, Russian tech workers have left by the thousands. They appear intent on rebuilding their lives and businesses in other countries.
Russian tech industry faces ‘brain drain’ as workers flee
BneWebinar: Russia’s new virtual economyIs Russia’s economy going to be cut off from the rest of the world and what would that look like? ...