The Business Times
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Russian revisionism and the sources of Western weakness

Why Vladimir Putin’s effort to revise the post-Cold War geopolitical order could succeed

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    • Russia is huge in geographic terms, but its economy is tiny relative to the economies of the West, with GDP amounting to just US$2 trillion.
    • Russia is huge in geographic terms, but its economy is tiny relative to the economies of the West, with GDP amounting to just US$2 trillion. PHOTO: UNSPLASH

    Simon Johnson and Oleg Ustenko

    Published Thu, Apr 4, 2024 · 05:00 AM

    RUSSIA’S full-scale invasion of Ukraine at the end of February 2022 marked the start of a new geopolitical epoch.

    Following the end of the Cold War, it was widely agreed that European countries would no longer invade each other. Too many wars over too many centuries had shown that promoting trade and investment is a much better way to build and sustain prosperity.

    By launching a war of aggression, Russia flagrantly violated that understanding, killing and wounding tens of thousands of civilians in the process.

    RussiaRussia-Ukraine warSanctions

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