As Russian troops and tanks poured across his country’s borders on the night of February 23, 2022, Volodymyr Zelenskyy delivered a now-famous video address to the Russian people. “War is a great misfortune,” Ukraine’s leader said. “And this misfortune has a high price.”
Zelenskyy added that this statement is true in “in every sense”: for in addition to the death, pain, and immense misery they typically inflict, wars also exact a severe economic toll.
But just how severe, exactly?
