The Indicator from Planet Money
The Indicator from Planet Money

Why hasn't the Russian economy collapsed?

Mar 24, 2026 · 9m

How has Russia’s economy not completely collapsed after four years of war, sanctions and billions in debt? One economist says it is the war that has been propping up Russia's economy, not the other way around. He calls it smertonomika or death economics.<br/><br/>On today’s show, six reasons why Russia’s economy is still chugging along despite burning money by the billions waging war on Ukraine.<br/><br/><strong>Come see Planet Money live on stage in April! 12 cities. Details and tix here: </strong><a href="https://tix.to/pm-book-tour"target="_blank" …

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