Here's just one example of how Putin's little adventure is going to hurt Russia for a long, long time to come.
You might have heard that Putin ordered the nationalization of all commercial aircraft operating in Russia, in retaliation for the ban on Russian airlines flying internationally. Well...
Most of the commercial aircraft flying in Russia are Boeing, Airbus, Embraer, etc...and since the parts to maintain those airplanes are embargoed, they won't get serviced properly. Even worse, because the owners can no longer keep track of them, and because there will be no way to verify Russian recordkeeping even if needed maintenance is done, those airplanes -- worth about $10,000,000,000 -- will have to be written off.
This war will end at some point, and when that happens, does anyone really think anybody will want to lease aircraft again to any Russian airline? Putin has effectively destroyed the entire Russian civil aviation industry. Russian citizens will have very limited options when they wish to fly, and thousands of Russians employed in the aviation field will be out of work.
On the world stage, Putin has set Russia back decades, if not centuries. In the words of the one and only Fred Sanford..."You big dummy!"
Putin Signs Law Allowing Russian Air Carriers to Seize Western Jets Worth $10B
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