17 February 2026

Deathonomics: The Social, Political, and Economic Costs of War in Russia

Vladislav INOZEMTSEV

The rise of deathonomics has led to some profound changes in both the Russian economy and society. The prospect of enormous earnings attracted to the army ranks, en masse, residents of underdeveloped regions, those lacking permanent employment, indebted people, as well as criminal and pauperized elements, who were also attracted by the promise of having their criminal records expunged. As a result, the Kremlin has started to purchase the lives of Russians who possessed virtually no economic value—paying more than these people might expect to earn right up to their prospective retirement. In addition to injecting considerable funds into the economy, this policy led to a sharp rise in wages in most sectors, supporting consumer demand. The enormous number of deaths, resulting from individuals’ free choice, failed to provoke a public outcry, allowing the authorities to portray a readiness to die at the call of the state as an important social value inherent in Russians. This trend has reinforced the glorification of militarism and entrenched the Kremlin’s new cult of sacrifice.

Deathonomics is depicted not only as an important element of the new Russian economic system that has emerged since the start of the war, but also as a tool legitimizing the arbitrary use of legal norms inherent to Putin’s regime and a means of incorporating numerous elements of criminal culture into a broader social and political fabric. The “monetization of life”, which serves as its core principle, expands the standards of acceptable behavior and almost certainly will significantly affect Russians’ lifestyle and worldview for many years to come. The report places particular emphasis on assessing the quantitative impact of deathonomics on economic developments in Russia, and also offers answers to questions about whether such a practice can support Russian militarism and retain its significance even after Putin’s aggressive war in Ukraine terminates.

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