How four years of war have changed Russia
The Economist
February 19, 2026
AI-Generated Deep Dive Summary
The ongoing conflict in Ukraine has significantly transformed Russia’s economy and society over the past four years. The war has led to economic strain, with inflation reaching 17% in 2023, a depreciated ruble, and limited access to international markets. Domestically, the government has tightened control, promoting state-run narratives while suppressing dissent. This has created a tense atmosphere where public criticism of the war is rare, despite growing fatigue among citizens.
Everyday life in Russia reflects these changes. Economic sanctions have forced businesses to adapt, with many relying on domestic production and facing challenges in sourcing imported goods. The financial burden has trickled down to households, leading to reduced disposable incomes and a focus on essential spending. Additionally, the government’s emphasis on propaganda has normalized rhetoric that glorifies the war effort, even as soldiers face high casualties rates.
Socially, the conflict has deepened divisions within Russia. While some citizens express quiet dissent or apathy, others remain vocal supporters of the war. This polarization complicates efforts to address internal issues like substance abuse and mental health challenges, which have worsened due to the stress of living in a nation at odds with much of the world.
For businesses, these developments present both opportunities and risks. State-controlled industries
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Originally published on The Economist on 2/19/2026