September 28, 2022

FALLOUT: Putin’s Mobilization Hits Russia’s Economy in Its Weak Spots.

Vladimir Putin’s decision to call up 300,000 men to fight in his invasion of Ukraine is hitting two of the battered Russian economy’s weak spots.

The order takes about one in a hundred of the country’s active workers from their jobs to send to the front when record-low unemployment – combined with the exodus of Russians fleeing the country to avoid the mobilization – means there are few candidates to replace them. And it’s likely to batter Russians’ already-fragile finances, leaving some draftees’ families short of cash.

Plus: Hidden paragraph of Putin’s decree allows 1 million Russians to be mobilised.

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