Russia: Demographic Crisis & Climate Change Threaten Future

In the short to medium term, Russia is fairly screwed. But in the long term, Russia is really screwed.

We all know that the Russian economy is in dire straits as it faces unprecedented sanctions from the West, and that countries pulling out of the Russian market now are unlikely to return for a long, long time. The ruble is now almost worthless outside the country, interest rates jumped to 20 percent, and inflation in Russia could rise to a jaw-dropping 20 to 30 percent. Even the longer-term outlook for Russian oil production is darkening.

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Jim Geraghty

Jim Geraghty is the senior political correspondent of National Review.

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In the short to medium term, Russia is fairly screwed. But in the long term, Russia is really screwed.

We all know that the Russian economy is in dire straits as it faces unprecedented sanctions from the West, and that countries pulling out of the Russian market now are unlikely to return for a long, long time. The ruble is now almost worthless outside the country, interest rates jumped to 20 percent, and inflation in Russia could rise to a jaw-dropping 20 to 30 percent. Even the longer-term outlook for Russian oil production is darkening.