Russia’s stock market has plummeted in recent days, hitting a three year low, mounting pressure on Vladimir Putin while Ukraine ramps up its long range drone attacks on critical infrastructure, including oil facilities around Moscow. 

Are the costs of the war becoming unbearable for Russia? Is Ukraine finding new ways to fight back? And if Putin believes time is no longer on his side, will he escalate? 

On this episode of The Fourcast Indicators, Matt Frei and Mark Urban are joined by Nina Khruscheva, professor of international affairs at The New School in New York.