The sharp rise in Russians’ living standards that has helped underpin support for the war in Ukraine is coming to an end, according to a Financial Times analysis of job adverts. Strong wage increases and a tight labour market since Russian tanks crossed the Ukrainian border in February 2022 have been a critical factor in maintaining public support for the Kremlin,

The wage growth of newly hired Russian workers is slowing down. In recent months, the economy under Vladimir Putin has lost momentum. War-related expenses have particularly affected those living on the brink of poverty,

Moscow has expanded military recruitment and boosted weapons production. Peace could jeopardize the resulting economic gains.