Editorial Board

It's the Economy, Putin

Russia's new cold war is worsening the slump it's designed to hide.

Heading in the wrong direction.

Photographer: Christophe Morin/Bloomberg

Russian President Vladimir Putin's renascent cold war with the West is partly meant to obscure his country's economic slump. It's a reckless strategy -- not least because it's making the slump worse. The consequences for Putin and for global security could be dire.

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