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

Trendingnow

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

3

Current price of oil as of July 13, 2026

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

3

Current price of oil as of July 13, 2026
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
Add Fortune on Google for similar content.

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.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up 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
Add Fortune on Google for similar content.

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

U.S. launches new strikes on Iran while Tehran mocks Trump’s reversal on charging for Hormuz transits — ‘20% is of course too much. We will be fair’
PoliticsIran
U.S. launches new strikes on Iran while Tehran mocks Trump’s reversal on charging for Hormuz transits — ‘20% is of course too much. We will be fair’
By Jon Gambrell, Konstantin Toropin, Will Weissert and The Associated PressJuly 13, 2026
29 minutes ago
Lindsey Graham and Mitch McConnell face each other.
North Americagovernment spending
McConnell’s absence could jeopardize Republicans’ defense spending agenda as the Iran war escalates
By Sasha RogelbergJuly 13, 2026
1 hour ago
usa
North AmericaWealth
America pays workers just 27% of what its wealth allows — the worst in the OECD
By Stephen Bagwell, Susan Randolph and The ConversationJuly 13, 2026
4 hours ago
dan
PoliticsElections
Meet Dan Sullivan, the retired schoolteacher running for office who insists he’s not trolling sitting Senator Dan Sullivan
By Becky Bohrer and The Associated PressJuly 13, 2026
7 hours ago
na
North AmericaEducation
‘We devalued the trades’: A Native American graduation miracle that isn’t what it seems
By Savannah Peters and The Associated PressJuly 13, 2026
7 hours ago
mm
North AmericaElections
Mitch McConnell breaks silence, said he was ‘briefly unconscious’ after a fall, got treated for mild pneumonia
By Mary Clare Jalonick and The Associated PressJuly 13, 2026
7 hours ago

Most Popular

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
1 day ago
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
Big Tech
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
By Marco Quiroz-GutierrezJuly 12, 2026
1 day ago
Current price of oil as of July 13, 2026
Personal Finance
Current price of oil as of July 13, 2026
By Joseph HostetlerJuly 13, 2026
14 hours ago
Trump embraces Australian retirement system backed by Larry Fink
Personal Finance
Trump embraces Australian retirement system backed by Larry Fink
By Brianna Sosa and BloombergJuly 12, 2026
1 day ago
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
7 days ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
3 days 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.