CNBC: Russia's economy has effectively split into two parts
More than four years into the war against Ukraine, Russia's economy has effectively split in two, US outlet CNBC reports. The military sector receives significant state resources while the civilian sector faces a deep crisis.
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US financial news outlet CNBC reports that after more than four years of war against Ukraine, Russia's economy has effectively divided into two distinct sectors.
Two diverging sectors
One is the military sector, which receives a substantial share of state resources and funding to sustain the ongoing war effort. The other is the civilian sector, which, according to CNBC, has already entered a deep crisis.
This situation suggests that the prolonged war and its associated costs have significantly reshaped the country's economic structure, creating a widening gap between the two spheres.
According to the source report, despite this economic split, it is not expected to be a reason for Russian President Vladimir Putin to change course or halt the war.
