Well there is one thing it is good for... bankrupting a country!
FortuneJason MaSun, May 3, 2026Vladimir Putin is losing the Russian people as the economy and his war machine go in reverse amid withering Ukrainian attacks.On the economic front, Putin himself recently revealed that GDP contracted in the first two months of the year. And on the Ukraine front, Russian forces suffered a net loss of territory last month for the first time since 2024.After Russia launched a sudden invasion in 2022, Putin has not only failed to defeat Ukraine, his forces have been unable to take full control of the Donetsk region.“The overall mood is that’s enough already; you’ve been fighting for long enough,” a Russian official told the Washington Post last week on condition of anonymity. “It seems to everyone that it’s been going on for longer than World War II, the Great Patriotic War — and at the same time we can’t even take one region.”With Western military aid and innovations from Ukraine’s now-thriving domestic defense industry, Kyiv has weakened Russia’s economy and military.Long-range drone strikes deep into Russian territory have damaged key oil-export hubs and “shadow fleet” tankers transporting sanctioned crude.
While Trump's war here has driven gas prices to over $4.00 a gallon, crude oil is sitting at $120 per barrel; a roughly 44% increase from pre-war levels. Inflation rose from 2.4% in February to 3.3% in March 2026, while that 0.9% jump might seem small numerically, in the world of macroeconomics, it’s a massive "spike" for a single month. And Trump is bottoming out in the polls.
So, let's see... do you think Trump's war will be any different?
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