On Sunday, Russia’s President Vladimir Putin appointed Andrei Belousov, a civilian economist with no military background, as the country’s defense minister. This decision indicates that Russia’s wartime economy is becoming entrenched and that Putin views the military-industrial complex as a crucial part of the economy.
Despite Putin’s macho image, he may now be in a situation where intelligence and expertise are more valued among his top military officials than physical prowess. Since the war with Ukraine began, Russia’s “nerds” have outperformed the “jocks,” as described by Eurasia Group’s GZERO Media.
While Russia has faced challenges in its military operations, its economic conflict with the West has shown resilience. Key figures like top central banker Elvira Nabiullina and finance minister Anton Siluanov are credited with keeping the economy afloat despite significant Western sanctions. This dynamic has allowed Russia to report GDP growth and weather economic challenges.
Russia’s economy is sustained by wartime activities, subsidies, and effective policy-making. Putin’s upcoming visit to China is expected to focus on economic matters, with Belousov, Siluanov, Nabiullina, and others accompanying him. This trip will highlight Putin’s emphasis on the economy as a key aspect of Russia’s strategic efforts.
