The prospect of peace in Ukraine presents Russia with an economic paradox: the end of conflict could trigger its most significant economic challenge yet. After years of adapting its economy to wartime demands, Russia faces a complex and potentially painful transition back to a civilian economy – a transition that will reshape markets, industries, and strategic relationships across Eurasia and beyond. For business leaders and policymakers, understanding this transition offers critical insights into emerging risks and opportunities in the region. By examining key trends emerging from Russia's economic transformation, we can anticipate the forces that will shape its post-conflict economic landscape. Militarized Economic Growth: The Withdrawal Challenge Russia's economy has become profoundly dependent on military spending. With approximately 40% of recent economic growth directly attributable to war-related production, the country faces a fundamental growth challenge when this sti...