Russia's Economic Gains from Current Geopolitical Events
March 9, 2026
Vladimir Putin is faced with a difficult decision regarding his strategy in Ukraine, as he faces serious economic challenges. The US-Israeli attack on Iran has led to a rise in oil prices, which strengthens the Russian economy. This increase is good news for the Kremlin, which needs revenue to continue the war. The Russian economic elites were pessimistic before this situation, but now they see a potential turnaround. Although the situation in Ukraine remains difficult, the Russian economy appears to benefit from developments in the Middle East.