Russia's Economy Is Eating Itself Alive! Russia is Closed for Business! - Silicon Curtain [View all]

Silicon Bites Ep292 | 2026-02-23 | Russia is closed for business — the war economy that is devouring its own future. Russian opposition economist Vladimir Milov says Russia’s economy now runs on one fuel: state war spending. Businesses can’t invest, workers are disappearing, interest rates crush enterprise — and the Kremlin doesn’t seem to care. The result? A country technically functioning, but economically shutting down, abandoning the core tenets of a market economy, and shedding all vestiges of economic rationality. Russia hasn’t been sanctioned into isolation and oblivion. It’s reorganizing itself into a permanent wartime command economy – destroying all the economic progress of the 1990s.