Anders Åslund

The Russian economy is not collapsing, but it is stagnant and suffering high inflation. And this economic decline could be a tipping point, because Russia may run out of liquid reserves, prompting the Kremlin to cut public expenditures.

Very little will happen until America leads. The war can be a boon for Harris, but only if she gives Ukraine what it needs to win

For more than two years, Western governments have trickled weapons and ammunition into Ukraine and imposed financial and trade sanctions on Russia, sometimes with little coordination. The sooner they can embrace a "shock and awe" campaign reminiscent of Colin Powell's Gulf War strategy, the better it will be for everyone.