Multinational firms are leaving the country, which is bad news for Russian youths.
Higher education in Europe is more difficult for young Russians.
According to a World Bank forecast released in April, the Russian economy will contract by more than 10 percent.
Russian youths entering the job market are going to have a hard time.
Multinationals have left Russia in a big way since the invasion of Ukraine. Changes at Russian universities are making it hard for the country's students to pursue higher education in other countries.
"We're really entering a kind of uncharted territory in so many ways," said a senior analyst at a Boston-based investment management consulting firm.
It is not possible to quantify the impact of the war on Russian youths. The generation that grew up under the presidency of President Putin is experiencing a very different Russia from the one it grew up in, according to them.
According to the Wilson Center, this group of young people grew up knowing only one president and are between 17 and 25 years old.
Insider spoke to two experts who said that it will be more difficult for young Russians at work and in school.
The value of a good education in Russia is that it opens up doors for employees to leave the European job market and go to work for multinational companies.
Andrew Lohsen is a fellow in the Europe, Russia, and Eurasia Program at the Center for Strategic and International Studies. As companies leave Russia, opportunities are drying up, and some of the industries that have promised high salaries are starting to be affected by sanctions.
There is a future of uncertainty for those looking to enter the oil and gas and IT industries due to the departure of multinational companies. Hundreds of employees at IBM and Microsoft were laid off in Russia earlier this month.
It's not just about the job market. They will reduce training and professional networks for Russians.
Insider reported in April that a lot of Russian tech employees are leaving. Some people left due to fear of being conscripted to fight the war, but others left because of the impact of sanctions on their jobs.
The World Bank said in April that the Russian economy will contract 11.2% in 2022, its worst contraction since the fall of the Soviet Union.
The experts Insider spoke to expressed concern about the future of Russia's academic system as the country looks to exit the Bologna Process.
It will be harder for Russians to get into European universities if they want to get a higher education there. He said that reverting to the Soviet standard would make it difficult for European universities to verify their academic credentials.
Europe's academic community is worried about the freedom for open debate in Russia after 700 university presidents signed a letter endorsing the Kremlin's version of events.
The education system is being politicized from the top to the bottom. There is a sharp turn in the Russian education towards embracing the state narrative and punishing those who don't follow it.
In the past, he had participated in conferences with Russian and international institutions. Russia passed a law in March that would make it a crime to spread fake news about the military.
Moscow has been ramping up propaganda in recent years to promote a top down structure with the state, the military, and the church at the core of Russian society. A mass media environment that's largely controlled by the state or linked to the Kremlin could distract the populace from impending economic hardship.
After the war broke out, some Russians decided to leave the country and start afresh.
Support for the war is still present in Russia. In late May, an independent Russian pollster called the Levada Center conducted a survey of 1,634 Russian people and found that sixty five percent of them supported the war.
Even if there are pockets of dissent, nothing will change politically.
He said that a revolution is more likely in a democracy than in an autocracy. He said that the economic conditions in the former Soviet Union were worse than they are now.
He said that for discontent to translate into policy change and regime change in an autocracy is very high.
Business Insider has an article on it.
All Rights Reserved © 2024
