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Russia’s economy and war effort is coming under increasing strain, which will pose increasingly acute challenges to Russian President Vladimir Putin’s ability to sustain the war over the long term. The Washington Post reported on October 27 that the Russian economy is “in danger of overheating,” noting that Russia’s excessively high military spending has fueled economic growth in a way that has forced Russian companies to artificially raise their salaries in order to fulfill labor demands by remaining competitive with Russia’s high military salaries.[1] The Washington Post quoted Russian Central Bank Head Elvira Nabiullina, who warned in July 2024 that Russia’s labor force and production capacity are “almost exhausted.” The Washington Post noted that private Russian companies are struggling to keep up with Russian military salaries and are increasingly having to offer wages several times higher than the typical industry averages. ISW has recently reported that Russian regional authorities are significantly increasing the one-time signing bonuses for Russian contract servicemembers in order to sustain Russia’s rate of force generation (roughly 30,000 troops per month), which underscores the fact that Russia does not have an indefinite pool of manpower and must financially and socially reckon with the ever-growing costs of replenishing its frontline losses via various force-generation avenues.[2] The Washington Post also noted that Russia’s stringent migration policies, particularly after the March 2024 Crocus City Hall attack, have further depleted Russia’s labor pool and amplified economic frictions. This has particularly become the case as migrant workers are increasingly identifying Russia as a hostile and unattractive place to relocate for work.[3] ISW has reported at length on the balance that Putin is trying to strike between catering to his pro-war ultranationalist constituency, which espouses extreme anti-migrant sentiments, and his practical need to leverage migrant labor both economically and militarily.[4]

Georgia’s ruling Georgian Dream party has likely won a simple majority in the Georgian parliamentary election held on October 26, 2024, according to preliminary results. Partial preliminary results released by the Georgian Central Election Committee (CEC) on October 26 indicate that the Georgian Dream party will likely win the majority of seats in parliament, but the results are neither complete nor final.[1] The results suggest that Georgian Dream will form the new Georgian government, but that it will not have the 113 seats required to obtain the “constitutional majority” it needs to pursue some of the goals it has outlined, including outlawing nearly all opposition parties.[2] The CEC reported that voter turnout was nearly 59 percent- the highest since 2012 when Georgian Dream first came to power.[3]

The recent expansion of BRICS presents considerable geopolitical ramifications, particularly for Russia, which has leveraged its membership to mitigate the economic and political isolation enforced by the United States and NATO since the commencement of the Russia-Ukraine conflict.