• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsRussia

Putin is desperately trying to reverse Russia’s population crisis and sees Ukraine as a solution, experts say

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
December 15, 2024, 5:48 PM ET
Vladimir Putin poses with the children of Russian officers in Moscow on Nov. 4.
Vladimir Putin poses with the children of Russian officers in Moscow on Nov. 4.Contributor—Getty Images

Numerous factors have been floated to explain Russia’s full-scale invasion of Ukraine in 2022, including NATO’s expansion in Eastern Europe and a desire to restore Soviet-era might.

Recommended Video

But Ivan Krastev, chair of the Center for Liberal Strategies in Bulgaria, and Stephen Holmes, a law professor at New York University, argue President Vladimir Putin’s obsession with Russia’s demographic decline may be the key.

In an analysis in Foreign Policy magazine on Dec. 6, they drew a parallel with “mourning wars” during the 17th and 18th centuries, when Native American tribes kidnapped women and children from other tribes to offset losses from wars or disease.

“In many ways, it resembles an updated version of such a war, a desperate attempt to replenish a dwindling population by forcibly incorporating a neighboring people into Russia’s own,” Krastev and Holmes wrote. “While the invasion was undoubtedly sparked by imperialist ambitions, anti-Western resentment, and a desire for Great Power recognition, it may also have been conditioned by Russia’s rapidly shrinking, aging, and emigrating population.”

(For his part, Putin has made false claims of a “neo-Nazi regime” in Ukraine, which is led by a Jewish president, as his reason for invading.)

Russia has been tending toward a demographic crisis for years, prompting the Kremlin to try boosting fertility by offering tax breaks and expanding childcare for low-income families. 

But that hasn’t prevented the birth rate from hitting its lowest level in the past 25 years. Combined with recent war casualties and a related exodus of young people, the population is falling at an alarming rate.

It currently sits at about 146 million, down from 148 million in the early 1990s, and the United Nations has predicted it could collapse to 74 million to 112 million by 2100.

This has been top of mind for Putin, even before he launched his war on Ukraine. In a 2021 speech to Russian schoolchildren, he preached the necessity of growing the population, which he views as more critical to national security than landmass.

“Putin understands that, in the world of tomorrow, Russia will be a territorial giant and population dwarf,” Krastev and Holmes said. 

Tellingly, Russia’s war on Ukraine has involved the mass abduction of children, who are adopted by Russian parents, they point out.

After failing to boost Russia’s fertility rate via pronatalist policies and to extend life expectancies, Putin “seems to have concluded that the only way to achieve a sizable increase in his population is by annexing and subordinating ethnically and culturally related neighbors, by force if necessary.”

Putin also sees a larger population as necessary to exploit the natural resources in the Arctic that are becoming more accessible from climate change, Krastev and Holmes added.

Meanwhile, he views Western feminism and LGBTQ-friendly policies as the causes of Russia’s shrinking population and as part of a conspiracy to make the country childless, they explained.

To be sure, other countries, especially in the developed world, are experiencing low birth rates and slower population growth or outright declines. In Japan, for example, Tokyo’s municipal government is turning to a four-day workweek and partial childcare leave to encourage people to have more babies.

And as bad as Russia’s demographic trends look, Ukraine is in even worse shape, potentially influencing how and when Kyiv might approach an end to the fighting, according to Krastev and Holmes.

But even when the war ends, it could be followed by similar conflicts elsewhere.

“The population loss experienced by historically dominant groups seems to be preparing the way for an upheaval of end-times aggression, inflamed by a primal fear of national extinction,” they warned.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

trump
PoliticsIran
Trump claims he’s close to a deal with Iran and ‘if they don’t agree, the bombing starts’
By Josh Boak, E. Eduardo Castillo, Elena Becatoros and The Associated PressMay 6, 2026
44 seconds ago
Ted Turner, CNN founder, former Braves owner, and creator of the 24-hour news cycle, is dead at 87
PoliticsCNN
Ted Turner, CNN founder, former Braves owner, and creator of the 24-hour news cycle, is dead at 87
By The Associated Press, Catherina Gioino and David BauderMay 6, 2026
4 minutes ago
Donald Trump stands behind a podium, mimicking holding a gun.
EconomyCurrency
‘Different from anything in the past 80 years of dollar dominance’: U.S. sanctions spur a ‘paradox’ pushing allies away from American currency
By Sasha RogelbergMay 6, 2026
2 hours ago
mckinsey
CommentaryProductivity
The U.S. leads in 14 of 18 industries shaping the future economy — but the lead isn’t guaranteed
By Kevin Russell, Chris Bradley and Kweilin EllingrudMay 6, 2026
3 hours ago
griffin
PoliticsNew York City
Ken Griffin says Zohran Mamdani video shocked him: ‘It took a moment to digest what I was watching’
By Nick LichtenbergMay 6, 2026
3 hours ago
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
EconomyTariffs
A year after Liberation Day, Trump’s tariffs have done ‘significant damage’ to the U.S. economy, says Moody’s chief economist
By Eleanor PringleMay 6, 2026
4 hours ago

Most Popular

A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
Magazine
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
9 hours ago
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
Success
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
By Emma BurleighMay 5, 2026
24 hours ago
Current price of oil as of May 5, 2026
Personal Finance
Current price of oil as of May 5, 2026
By Joseph HostetlerMay 5, 2026
1 day ago
Clean energy's winning argument is the one it refuses to make
Commentary
Clean energy's winning argument is the one it refuses to make
By David CraneMay 5, 2026
1 day ago
Economists have found an answer to slowing cognitive decline: avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: avoid retiring early, study finds
By Sasha RogelbergMay 5, 2026
24 hours ago
Gen Z workers say showing up 10 minutes late to work is as good as on time—but baby boomer bosses have zero tolerance for tardiness, research reveals
Success
Gen Z workers say showing up 10 minutes late to work is as good as on time—but baby boomer bosses have zero tolerance for tardiness, research reveals
By Orianna Rosa RoyleMay 5, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.