Russia's Economy isn't Collapsing. Its Worse Than That. - The Global Gambit - Pyotr Kurzin

[TexasTowelie]

Russia’s economy isn't collapsing. It's been adapting.

But that adaptation under Putin is now becoming its greatest weakness.

After four years of sanctions, isolation, and war, Russia has transformed itself into something fundamentally different — an economy no longer driven by growth, innovation, or rising prosperity, but by military spending, internal redistribution, and survival.

On paper, Russia remains resilient. It is still the world’s ninth largest economy. Military production is booming. Factories are operating around the clock.

But beneath the surface, the foundations are eroding.

Oil revenues are falling. Taxes are rising. Investment is weakening. Demographics are deteriorating. And the very system keeping Russia stable today is quietly undermining its future.

This is not collapse. It is something more dangerous.

Russia has entered what mountaineers call the “death zone” — a place where survival is possible, but recovery becomes increasingly unlikely.

And in 2026, the consequences are becoming impossible to ignore.

In this video, I explain why Russia’s economy is now trapped in a structural equilibrium it cannot easily escape, why even the Kremlin appears to be accepting long-term stagnation as the price of strategic endurance, and what this means for the future of Russia, Europe, and the global balance of power.

This is not about what happens tomorrow.

It’s about what Russia is becoming.