- The Russia-Ukraine war has dealt multiple setbacks to Vladimir Putin, the director of the CIA says.
- William J. Burns said in an op-ed that the war had “proved foolish and illusory” for Putin.
- The invasion, Burns said, had weakened Russia’s military and economy.
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Russia’s invasion of Ukraine has crippled its economy and left it beholden to China, says William J. Burns, the director of the CIA.
“Russia’s economy is suffering long-term setbacks, and the country is sealing its fate as China’s economic vassal,” Burns wrote in an opinion article for Foreign Affairs on Tuesday.
Russia has been struggling under the West’s crippling economic sanctions ever since it invaded Ukraine in February 2022. But the ties between Russia and China have only deepened, with bilateral trade reaching a record $240 billion in 2023, Chinese customs data showed.
“Putin’s war has already been a failure for Russia on many levels,” Burns wrote in his article. “His original goal of seizing Kyiv and subjugating Ukraine proved foolish and illusory.”
Ehh, they’re dealing with their own problems. Looks like it’s going to be a rough year for global economics, but particularly bad for China. Their housing market has been the engine of their economy for the last 10 years and with Evergrande going down the bubble has likely already popped.
Wait until China has to deal with the fallout of the climate crisis. China is quite vulnerable to climate extremes and because of their demographics they’ll have a huge shortage of people fit for work once the climate damage really starts kicking in.