Shadow of the mobilization wave: Putin is running out of soldiers. By 2030, there will be a shortage of up to four million people in the Russian labor market.
Russia has lost at least 120,000 soldiers since its invasion of Ukraine began. Russia now spends 40 percent of its gross domestic product on the war in Ukraine. It is estimated that more than a million people are missing from the labor market due to the war. After the presidential election in March, the Kremlin leader may change his domestic strategy.