gros159_SERGEY BOBOKAFP via Getty Images_russiatank Sergey Bobok/AFP via Getty Images

Putin's Potemkin Military

While defense spending accounts for a significant share of Russia’s economy, the sum itself – an estimated $60 billion in 2020 – is rather modest, especially by “great-power” standards. In its war against Ukraine, Russia's military is putting the country's economic weakness on full display.

FLORENCE – War represents a contest of wills, the German strategist Carl von Clausewitz argued some 200 years ago. On this point, the Ukrainians fiercely defending their homeland seem to have a distinct advantage over the invading Russian forces. But, to win a war, will must be supported by military means – and that requires industrial and economic strength. Here, Russia might have an advantage over Ukraine for now, but it is far weaker than the West it ultimately aims to challenge.

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