Russian invasion of Ukraine

Mark Sumner Update:
 
A third of Russia’s entire budget is going on this war which is madness and not sustainable. What happens to the infrastructure of the country and also paying its public sector workers when the pot of money gets smaller and smaller. There has been suggestions that some employees in the public sector having been getting paid lately, if that goes to a larger scale maybe that is when the uprising starts.

China will be important in ending this, they will be extending Russia’s credit in financial aid, however long term will they ever get it back? Will be interesting to see if xi will have a meeting with Zelenskyy and what could come of that.
It's a murky picture. Russia went in to this with a big pile of cash, they planned for it. But they thought it would be done and dusted by now.

We have no idea what they are getting done in terms of trade with other rougue states and how big the deficit is / how long they continue.

China probably does know and they will be calculating what it looks like going forward. And what is in their interest, a failed Russian state is bad for them. But also why would they prop up Putin with no end game in sight?
 

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