This article explores the slowing Russian economy and what it means for the war in Ukraine and Vladimir Putin’s leadership. After a brief spike in growth at the start of the war, the Russian economy has cooled down. Falling income from oil and a shrinking workforce have forced the government to raise taxes and cut spending on public services.

Experts believe the war's future depends on how Russia manages its finances and whether global oil prices stay high. While economic strain is eating into the country's war chest, the Kremlin still has ways to keep the fighting going for now, such as printing more money or raising taxes again.

The report also highlights that the general mood in Russia is becoming less optimistic. This economic downturn may be playing a role in recent discussions about peace talks, as the cost of the conflict continues to mount.