Putin’s Oil Windfall Won’t Revive His Slowing Wartime Economy

The oil windfall triggered by the war in the Middle East is unlikely to help President Vladimir Putin revive Russia’s sluggish economy that’s teetering on the edge of recession.

Putin acknowledged publicly last week that the country’s economy is in trouble, demanding that ministers and the central bank explain why growth is slowing despite his insistence that a downturn must be avoided.