Opinion
Ravi: What I did as Finance Minister was like running a tavern without arrack
By Saman Indrajith
UNP Assistant Leader and former minister Ravi Karunanayake, in an interview with The Island conducted on July 30, says there is no significant threat from his party’s offshoot, the SJB, which he describes as only ‘a mere irritant factor.’ Excerpts of the interview:
Q: The country is going through very turbulent times. The economy is in the doldrums. Many developing countries, including Pakistan, have opted for requesting loan waivers from their lenders such as China, considering the impact realities of COVID-19. As a former Finance Minister do you think Sri Lanka should do likewise?
A: In the current situation we see the country’s revenue dwindling. There is a yawning gap between revenues and cost of living, and this gap has led to the widening of the budget deficit, which cannot be bridged with taxes. In the process of cushioning this impact you have to reduce either the recurrent expenditure or the country’s loan commitments. One of the two has to be reduced to make the fiscal space possible for the country’s economy to move forward. I do not see that happening. The revenue is dropping and expenditure increasing and this has caused the alarming fiscal imbalance. Economic disparities seem to be becoming more complicated by the day. In this situation, seeking loan waivers is not the answer. If you ask for waivers, you’ll lose the opportunity of getting loans in the future. The impact of loan waivers would vary on bilateral and multi-lateral loans which are a few and far between but not so on international sovereign bonds. It would lead to a negative economic outlook. When I took over the Finance Ministry, we had a negative outlook. We had to convert it into a positive outlook and we went forward. Under this government, such good work is being undone and the country is moving backwards. The World Bank has moved Sri Lanka from a medium-income earning country to a low-income earning country.
Q: What is the solution?
A: We have to navigate through these turbulent times. For that we need a strong national economic agenda, which should be able to address the issue of decreasing revenue and keep the economy afloat.
Q: The government has received encomia for handling the COVID-19 threat professionally. It is popularly thought that a UNP government would have made a mess of the battle against coronavirus and economic recovery. What would you say to this?
A: If we are elected, our immediate intention should be to restore confidence in the people, in the investors, in the local and foreign markets. We need to create a situation where people would get economic activities restarted. It is a matter of how you would be able to rekindle that confidence. For that you need consistent and coherent policies. At the moment we have policies that change by the day. When we were elected to office on Jan 8, 2015 the country’s economy was not better than this. In a way it is same with the post-COVID-19 situation.
The other factor is that the country’s economy had been in the doldrums well before the COVID-19. The impact of pandemic started on March 21, but economy had started experiencing trouble well before that. The main reason for that was because the government tried to reduce VAT from 15 to 8. And with many other things, the resultant loss was about 600 billion rupees. That amount is almost one third of the government revenue for the year 2019. When you don’t have revenue, there is no economic kick start. You lose 600 billion and the economy is going to tailspin. On the other hand, none in society would feel any relief from VAT reduction because of that increases that have taken place are so much more. With the 600 billion just thrown down the drain there has been no resultant economic gain.
Q: On the political front, the split within the UNP resulted in a confusion among UNP voters. The SJB has emerged a formidable political force. What do you think the impact of the split on the UNP’s electoral performance?
A: Our fight is with the SLPP and not any other party. This government has been in power for eight months. It’s almost one fifth of its full term. During this period, the cost of living has gone up dramatically and now it is almost 40 per cent. There have been job losses though the government promised to create many more. The SJB is a by-the-way party. Our main focus is to ensure that we are engaged with the main opponent rather than by-the-way parties. Every time when there is an election such by-the-way parties are formed by breakaway groups. It is like old leaves falling from a tree. New leaves will appear and fill the gaps. The UNP is such a strong party that it will not be affected by splits.
The people who have left the party have something in common. They are people who lost badly in their electorates at the last presidential election. Their leader lost that election. The SJB is only an irritant factor.
The UNP is a reservoir of talent. Whenever there is a slip-off we have lot of new talent to remedy it. The UNP is the oldest party in the country and it is getting stronger.
Q: Speculation is rife that the SJB members will join the UNP after the election. Some UNPers have said they will never allow them to return to the party’s fold. In your case, you were with Lalith Athulathmudali and Gamini Dissanayake when they left the UNP to form the DUNF and contest under the Eagle symbol. The DUNF was a splinter of the UNP like the SJB. Years later, DUNF members returned to the UNP’s fold. So, what’s wrong with the SJB members coming back to the UNP?
A: You cannot compare the two events. The bravest in the UNP at that time such as Lalith Athulathmudali and Gamini Dissanayake challenged what they saw as wrongs within the party. So, they were virtually thrown out of the party as a result of their struggle for democracy. In the present instance, some disgruntled party members have left the UNP as they could not achieve their ambitions.
I beg you not to compare the two events for it’s unfair by Lalith, Gamini and others of their calibre, who formed the DUNF.
The final outcome of an event is determined by the performance of a team. If you are a member of a cricket team, you have to be led. You cannot be led by the spectators outside the field. You can’t win the match by singing hosannas for his father or grandfather. Your success hinges on your performance.
The SJB lied to the people and they lied to the judiciary. That is why it lost the case. When it appealed to Court of Appeal and they had to pay Rs 25,000 fine as well. So, now the people can understand that their version of what happened at the Working Committee meeting of the party was not true.
With regard to the rumours of their return after the election, I must say the UNP is not a rest house where you come and go as you please.
Q: Some opposition parties have criticized the government’s handling of the COVID-19 crisis. Do you subscribe to this criticism?
A: COVID situation is something unprecedented. We would give our support to the government to face any such crisis for the sake of the people. I believe the government is doing its best, given the situation. But I cannot say the same about its handling of the economy.
Winning the COVID-19 war and winning the economic war are two different things. You cannot justify losing the economic war in post-COVID situation even if you fare well in your fight against COVID.
Q: The yahapalana government failed to prevent the Easter Sunday carnage. Don’t you think those terror attacks will have an impact on the outcome of the upcoming election as well?
A: If you say the Easter bombing had an impact on the then government’s electoral performance, then the COVID-19 pandemic will have a similar impact on this government. If people are guided by their emotions in casting their votes, then they will vote against this government. The economy is in tatters, companies are closing, cash flows are threatened and it is these major problems that will have an impact on the outcome of the upcoming election.
Q: The Easter Sunday carnage took place under a UNP government and the presidential election results show that people are concerned about national security and their safety. What would you say?
A: Well, it is unfair to say it happened on our watch because basically all security matters were in the hands of a single person, who is not in the government when this disaster occurred. It happened during the time of our government but everybody knows that the Prime Minister was not even invited to the national Security Council meetings. Everything was handled by the Presidential Secretariat. It was virtually one man show going on. We see the same now as investigations are on for eight months, but nothing new has been found out.
Q: What do you have to say about the disastrous MCC agreements with the US? Some opposition parties have already accused the government of duplicity?
A: They promised to dump the MCC agreement if they were elected. Have they thrown the MCC agreement? What a fuss they made prior to the presidential election. They said that the country would be under the dictates of America; the country would be divided and we would have to get visas to enter parts of our own country beyond Anuradhapura. We call upon the government to state its standpoint. If they reject the MCC agreement then they could tear it off and, if not, they have to admit that we did the right going ahead with it. It first started under the Mahinda Rajapaksa government; we went forward ahead because it was a grant in appreciation of good governance. What’s wrong with that?
Q: The SLPP is seeking a two-thirds majority to do away with the 19th Amendment to the Constitution. How do you propose to counter this campaign?
A: The 19th amendment was brought to do away with the 18th Amendment to the Constitution. The 18th amendment allowed the President to act according to his whims and fancies. So, the 19th Amendment had to be brought in. It was the will of the people.
At the time the 19th Amendment was introduced there were two opinions — either to do away with the presidential system or reduce its executive powers. I believed that we should do away with the executive presidency and give more powers to parliament. The 19th Amendment was introduced to pave the way for scrapping the executive presidency. People since 1988, have voted for its abolition but none of the governments care to respect their will.
Q: Treasury bond controversy had a huge impact on the UNP. Allegations have been levelled against you as well. What kind of impact this issue will have on the upcoming election?
A: This is a miscarriage of justice. I happened to be the Finance Minister, but the Central Bank was under the Prime Minister and other commercial banks were under Kabir Hashim. It was not the Prime Minister but his deputy Minister Harsha de Silva who did all the work at the Central bank. Both of them have been kept out of this issue while people who are not relevant were dragged into it.
There were five committees on the matter. First there was the Pitipana committee. There is nothing against me. Then there was DEW Gunsekera Committee. He was in the opposition then. His report does not say I was involved. Then there was Sunil Hadunnetti-led COPE investigation. They found nothing against me or the party. Then there was a presidential commission. There is nothing mentioned in their report about me with the issue at hand. They also found that Central Bank officials are responsible for this. Have any of them been questioned? Then there is another report of which 108 pages are missing. Why are they missing? Why hasn’t it been published? These were the things in the hands of the then President. It was a political witch-hunt. It was aimed at character assassination. Then there was a forensic audit report. It shows very clearly what happened during the period of 2005 to 2015. Why is that report not brought out and why action has not been taken on its findings? They have clearly stated that losses have occurred since 2005 onwards and that Central Bank had not got relevant approval for the implementation of private placements. When this question arose, I, as the finance minister, asked the Auditor General to compare what had been happening since 2005 to 2015. All are silent. They are trying to kill the messenger and distract public attention. That is an absolute national crime. At the moment those investigations have got nowhere, found nothing at all, and why are 108 pages missing? Why is that, not a single Central Bank official has been even basically mentioned? Because these are the guys- the central bank officials, not all of them but seven or eight people. They live luxurious lives. They are earning 2.5 or 3 million salary and dictate terms to people who get by on 25,000 to 30,000 a month. It is said that the monetary policy is being pursued by the Central Bank. The government’s or the financial minister’s role is to handle the fiscal policy. But the central bank was always at loggerheads with the government. We believe that the innocent people should have low interest rates on their borrowings, so that you could bring about an economic upturn, but the Central Bank officials pursue a high interest rate where they basically think that would ward off inflation. This is the problem that exists. And this menace must come to an end. These are the people who created it. Once again, I say I was not in charge of the Central Bank; I was not in charge of the commercial banks. Then why am I being accused of something I did not do? This is simple case of character assassination. That has to be corrected. When I was the Finance Minister, what I did was like running a tavern without arrack.
I was the Finance Minister but I did not have the banks under me. Even then we were able to bring economic stability. We were able to bring in financial discipline. We established the focus on right financial directions. That was during the three years I was in charge of the finance ministry. Some of them who are engaged in character assassination have left the party. They were responsible for the footnotes of the Sunil Handunnetti COPE report. Why do they hold me accountable for this? It was they who involved in it. People within the country did not recognize us, but outside world recognized us and that was how the Bankers’ Institution in the UK, which is highly respected one, voted me the best finance minister Asia Pacific for 2017.
Q: What plans does the UNP have for the future of the younger generation of the country?
A: Not that you cannot develop this country. It’s a matter of whether you want to develop this country or not. The talent is there, the opportunity is there and we do not apply ourselves in order to get to that. My best comparison is Sri Lanka in the time we got Independence 72 years ago, we had a per capita income of $ 49 and Japan had $ 48. Japan got battered in the Second World War and without any natural resources, they are basically today enjoying a per capita of 55,000 dollars while in Sri Lanka its 4,000 dollars.
Q: The UNP is doomed in the opinion of its critics. How do you counter this view?
A: Before talking of the party’s future, I should say we should talk of the present. We should handle it very dexterously. The UNP is very hierarchy-oriented, very seniority-oriented and competency-oriented party. In election times you hear various things from people who cannot even stand on their own feet. In the UNP, we have a leader in the party and our emphasis is on discipline. As for the party hierarchy Mr. Ranil Wickremesinghe is the senior most and next to him is John Amaratunga and I come next to him in order of seniority. I guess competency, discipline, loyalty, comradeship all would be put together and at the right time we will come as the right team.
Opinion
Undermining the democratic political framework
Aragalaya betrayed? ‘The treason of the intellectuals’ in the age of populism – Part II
The JVP/NPP conceptualisation of the ‘Jathika punarudaya’ (national renaissance) interpreted the Sri Lankan Renaissance as the aspiration to regain the moment we lost in the global modernisation project, which is believed to have emerged in the twentieth century as a result of the Western European Renaissance and Enlightenment imagination. Jathika punarudaya values modernity as the era of citizens based on a representative democratic model founded on a common social contract. It values human rights, civil rights, and political rights as the core of modernity. It values social interventions based on the values of social justice and collectivism. But is the current government acting on the basis of those renaissance beliefs that they claim to believe in?
This government came to power within the framework of bourgeois parliamentary democracy. However, the opposition alleges that the government is working to limit the right of the opposition to question the government’s actions within that framework, and within Parliament itself. The continued postponement of provincial council elections by the government has been criticized as a delay in the implementation of decentralised political power, especially in provinces inhabited by Tamils and Muslims.
The promise to abolish the executive presidency and restore a parliamentary-based political power structure continues to be postponed. This has drawn attention as a possible way to suppress trade union activities and intimidate political activists through repressive laws such as the Public Security Act and the Emergency Law, which are continuously implemented through the authoritarian use of the power of the executive presidency.
‘Honest party leadership,’ not the institutional system
The JVP, the core political party of the current government, which insists that its members are honest, claims that even if they violate certain rules and regulations in the course of governing, there is nothing wrong with it because it is not done for personal interest but for the common good. This implies that this government does not rely on rules, regulations, and a system of institutions built to last, but rather on the leaders of its own party, the JVP, whose leaders believe themselves to be honest. The system of institutions established on rules and regulations is for the rest of the people.
Attempts to subjugate institutions and public opinion to the government’s opinion
It is apparent that the government wants to implement its pre-designed agenda without any hindrance. To that end, the government is trying to subjugate all institutions and public opinion to its sole opinion. The most striking example of this approach is the government’s attempt to implement, without any genuine public discussion, neoliberal reforms formulated by previous governments regarding national education, which will have a decisive impact on the future of the country. The leadership brags that the proposed education reforms will be implemented as originally designed, regardless of any criticism or objections.
The government sets up committees at the local level claiming to represent the public, but people complain that they exclude anyone who does not conform to their way of thinking.
Freedom of expression
Civil rights activists say the current government’s continued use of the Online Safety Act, which was passed by the previous government despite public opposition, poses a serious threat to freedom of expression. Freedom of expression has been suppressed under the guise of legality. The government has made it a policy to summon and question individuals who criticise the government—even national-level politicians—at the CID. This amounts to intimidating its critics.
The government has not only broken its promises by failing to repeal the existing PTA but is also attempting to pass a new anti-terrorism law that local and international civil rights organizations have unanimously condemned as even more repressive. It has been stated that there is scope for the proposed new law to intensify the current use of anti-terrorism law as a weapon to suppress freedom of expression.
“The Arts Council has become an arts police!”
The latest instance of the government’s attempt to curb freedom of expression that has come under serious public criticism is the detention of four books by a Sri Lankan writer, Theebachelvan, who writes in Tamil, by Sri Lankan Customs when they were brought into the country from India. Later, a statement issued by the Director of Customs said that two of the novels would be released based on recommendations issued by the National Arts Council and the Literary Council, while the other two would not be released based on the recommendations of those boards and the Ministry of Defense.
The statement that “The Arts Council has become an arts police!” sums up the public protest that arose questioning the “legal and moral rights of the members of the Arts Council and the Literary Council who have received political appointments” to “measure and mark the boundaries of freedom of speech and expression at their own discretion” by giving such recommendations and assuming a power that they do not have.
Going beyond this general situation, the serious question that has been raised is: on what basis did Customs consider the views expressed in the two books by Theebachelvan that have been censored to be equivalent to the crime of ‘sedition’ under Section 120 of the Penal Code, which was cited as the reason for the detention? A related question is whether there is a connection between the allegation of sedition and the fact that the writer is a Tamil from Kilinochchi.
The irony here is the intervention of the current government’s Minister of Culture, the heads of the Arts Council under the Ministry of Culture, and its own literary sub-council in deciding this matter, along with the follow-up statements defending the government’s decision made by the same authorities, as well as by writers, artists, intellectuals, and academics who have been holding positions under the current government and those who have not.
There was strong public criticism that these individuals—who were believed to have held radical, liberal views on freedom of expression and ethnic rights before the current government came to power—have been appointed to various positions under the current government and now approve its repressive decisions in the name of ethnic reconciliation.
The following sentiments extracted from the comments made by Sumathy Sivamohan on her FB page, expressing her shock at a statement made by one of the leading Sinhala writers involved in making such statements, encapsulate the essence of the public criticism of the issue:
” I am shocked at [name of the person]’s words on the detainment of Theebachelvan’s works by Customs. … The radicalness, the liberalness, are just thin veneers of their Sinhala-only stances. …. Now, they talk of Reconciliation. Reconciliation via Repression. …. Reconciliation, my foot! …. reconciliation is in your head, I think …. [I am] outraged. But now, [I] am certain of one thing. This is the bluff and bluster of liberals. …. That [name of the person] and others think, when Sinhala people think there’s reconciliation, there’s reconciliation, smacks of very deep-rooted racism
I don’t understand the argument, ‘we have to protect this government’ sentiment, touted by many liberals, who in intimate circles voice criticism. And these are the same people who supported the LTTE too, when it suited them—their liberal Sinhala agendas. … Now, they are blubbering …. it is shocking, for it whisks the mask off the faces of these liberal faces. There is a side of Sinhala liberalism that slavishly supports sentiments pertaining to the LTTE. They are the same, they are all the same. Those radicals, those liberals, those everybody, who think because they are Sinhala they have superior knowledge of matters. Sickening.” (reproduced with permission). (To be continued)
by Kumudu Kusum Kumara
Opinion
The need to reform Buddhist ecclesiastical order
(The author is on X as @sasmester)
On 6 May 2026, I wrote an essay in this column titled, ‘Monks, the Law and the Future of the Buddhist Monastic Order.’ While my point of departure was the arrest of 22 Buddhist monks on narcotics charges, my focus was the need to treat everyone in this country equally before the law – including Buddhist monks. The fact that the Mahanayaka Theros had requested in a statement that the errant monks be thoroughly investigated and legally dealt with was encouraging given their usual silence in such cases. Now, another – and an even more visible case – has come to the fore. This time, the Chief Prelate of the Atamasthana, Venerable Pallegama Hemarathana Thero, has been accused of sexually abusing an underage girl from Anuradhapura. The National Child Protection Authority reported the facts of the incident that had been discovered to the Anuradhapura Magistrate’s Court on 8 May 2026, and the court subsequently ordered the arrest of the suspect monk and the girl’s mother. Anuradhapura Chief Magistrate has also imposed a foreign travel ban on the suspect monk.
But unlike with the 22 monks in the earlier case, the usual silence on the part of the Reverend Mahanayakas and other senior monks have descended upon Venerable Hemarathana’s case and the seeming non-equality before the law seems to prevail again – at least to some extent. This time, there are no public statements or meetings with the President to urge action to the ‘fullest extent of the law’ as was the case earlier. One must assume this is because the accused this time is a senior and influential prelate as opposed to a group of unknown young monks in the earlier case.
While his case was gathering momentum both in the courts and in public discourse, Ven Hemaratana promptly admitted himself to a comfortable private hospital in Colombo following the established path already followed by many affluent suspects. However, he was officially arrested on 8 May 2026. It is unfortunate that he resorted to this course of action rather than presenting himself to the prison authorities through the courts. This is because this action of anticipated privilege places him on par with all the powerful suspects in this country in recent times who have taken the same path. This is a matter of his own choice. My understanding is Venerable Hemarathana, after being arrested at the private hospital has been officially placed under remand and held in a government hospital under prison custody. While the law has worked here in terms of the arrest and the preceding action unlike numerous other occasions in recent decades when it comes to powerful individuals, many commentators claim it has still been somewhat slow. This perception also comes from the long history of negative experiences society has witnessed and the expectation of better delivery of justice under the watch of the present government. Overall, however, I think the procedure so far indicates a somewhat positive development given the unenviable history involving such high-profile cases in the past. But the public vigilance over the case should not diminish.
However, despite the typical silence within the formal Buddhist ecclesiastical establishment, there is considerable debate and often unmitigated noise mostly emanating from social media clamouring for the need for justice for the allegedly abused girl. If not for this noise, my sense is, the present case too might have been swept under the carpet as has been done many times before in similar circumstances.
But the social media clamour, despite its positive impact on pressuring government agencies towards action, has its own major failings. Many of these articulations have already decided upon Venerable Hemarathana’s guilt as if they had access to all the evidence in the case and have unparalleled legal expertise that would allow them to act as judge, jury and executioner in a court of public popularity. This approach itself is very dangerous. Irrespective of how we may feel about the case and the plight of the young girl who has been victimised in more ways than one, Venerable Hemarathana is still merely an accused or suspect. Nothing has been proven beyond any doubt in a court of law. Social media acting as an all-inclusive judicial mechanism is simply dangerous and unintelligent. The next victim can easily be any one of us for no good reason and the present social media trend-setters have already set the precedent.
The only sensible thing the social media and intelligent citizens, particularly Buddhists can do is not to make judgements in a situation where they simply cannot, but contribute to sensible and thoughtful debate and pressure the Buddhist establishment as well as the government to initiate urgent ecclesiastical reforms and ensure monks are treated exactly the same as all other citizens when they violate the law of the land. Hiding or protecting wrongdoers is not the solution as it will only make matters worse in the long run.
A somewhat comparative but limited global example is the Catholic Church which has faced extensive and recurring controversies regarding child sexual abuse across almost all continents, mostly as a vocal public discourse from the 1980s onward. It would be good to see how these controversies emerged and what happened.
The controversies in the United States emerged in 1985, 2002, 2018 even though it is the 2002 Boston Globe exposé that is considered the most damaging and became a global turning point indicating systemic institutional silence within the church. The controversies in Ireland emerged between the 1990s and 2009 mostly emanating from several government-commissioned reports that include the Ryan Report (2009) and Murphy Report (2009), which documented widespread physical and sexual abuse in Church-controlled institutions from 1936 to 1999, which concluded both the Church and state failed to protect children. Similar conservatories concerning the Catholic Church have emerged in Canada between the 1990s and 2015; in Australia between 2012 and 2018 as well as in other countries like Germany, Belgium, the Netherlands, France, Spain, Mexico and Chile.
What is important is these controversies created considerable public concern, characterised by a profound loss of institutional trust and demands for transparency. Crucially, these scandals fundamentally transformed the public perception of the Church and prompted significant legal and institutional reforms globally. This sense of public outrage, concern, demand for institutional reform and follow-up action is what is woefully lacking in Sri Lanka when it comes to the Buddhist monastic order.
But the Buddhist order certainly needs reform. And it needs such reform urgently and we must see these reforms in action without delay. Monastic orders should not be allowed to deal with or protect wrongdoers when they violate the law. Dealing with such situations should only be up to the legal and judicial system of the country.
Venerable Galkande Dammananda, in a YouTube interview with Saroj Pathirana on 18 May 2026 clearly noted that any member of the clergy who has violated the law should be dealt with by the law and it would simply be wrong not to do so. He was very clear in his explanation that no exemptions should be provided to monks. This basic legal and commonsense position which we seem to have forgotten in this country when it comes to powerful people in general and Buddhist monks in particular, should be the point of departure for reforming the Buddhist monastic order.
It would be instructive to understand the dilemmas faced by the Catholic Church globally if we are serious about getting Buddhist institutional network reformed. The crisis in the Catholic Church and its long-term neglect of justice and silence over wrongdoing ensured many people, particularly in countries like the United States distanced themselves from the church. Any inaction on the part of the Buddhist order and the government might lead the future of the Buddhist establishment in this direction too. One should not disregard the present unhappiness that is clearly visible and felt in society, mostly articulated in social media. These are mostly Buddhist voices.
We need to decide whether we want to reform our institutions and go forward or allow them to collapse and descend into chaos. The people should not forget that like any elected government, the Buddhist as well as other religious establishments survive on our collective kindness. And that kindness should not be based on blind and unintelligent faith. If they do not reform themselves and reinvent themselves, they certainly do not deserve our support.
Opinion
Is Russia collapsing?
On 6 May, the British establishment organ, The Economist published an essay, “Vladimir Putin is losing his grip on Russia” by “a former senior official in the Russian government.” The anonymous author stated that Vladimir Putin has driven Russia into a dead-end and that a structural shift has occurred, whereby “senior officials, regional governors and businessmen” have mentally detached themselves from the state’s actions, viewing the current trajectory as “his” war rather than “ours”.
According to this narrative, Vladimir Putin’s grip on power is weakening due to the collapse of a social contract based on economic stability, replaced by purposeless and heavy-handed repression as the war backfires, with the regime’s efforts to maintain control only accelerating its internal decay.
Nine days later, on 15 May, The Guardian published a similar article by Rajan Menon, professor emeritus of international relations at Powell School, City University of New York. Sri Lankan cognoscenti might know him as a Western establishment intellectual, repeating Eelamist claims about civilian casualties at Mullivaikkal.
Menon argues that Russia’s war in Ukraine has become a grinding, attritional conflict that Vladimir Putin cannot end easily, even though the costs to Russia are enormous (the author quotes a figure of an estimated 1.3 million Russian troops dead or wounded). He says Russia’s GDP numbers look superficially strong, but this is misleading as there is no real prosperity: growth is driven by weapons production, with longterm development sacrificed for shortterm war needs, resulting in worsening labour shortages and rising inflation and budget deficits.
Putin cannot admit failure or seek compromise, Menon posits, because he has framed the war as existential, any retreat undermining his authority and the system he built. The author portrays a Russia of crushed dissent, pervasive propaganda, and general resignation to the war continuing indefinitely. He concludes that the Kremlin, locked into a costly, prolonged conflict, prefers escalation and endurance over negotiation, even if the war is unsustainable in the long run.
Both stories received wide coverage in the media, from Fortune to the right-wing Irish Times. Meanwhile, several other British media outlets ran similar stories. On 9 May, the BBC’s “From our own correspondent” reported that Putin faced rising unpopularity. “Putin faces Hitler-style downfall & could wind up dead in a bunker…” screamed the headline in the down-market Murdoch mouthpiece, The Sun the next day. The only slightly more respectable Daily Telegraph ran with “Paranoid Putin’s war is unravelling” on 13 May. Throughout this period the unhinged Daily Mail ran regular rant-pieces against Putin.
On 17 May, The Economist followed up with an article headlined, “Russia is starting to lose ground in Ukraine,” which claimed “… the tide of the conflict looks to be turning. Russia’s death toll remains extraordinarily high, and its spring offensive has stalled.”
Critical examination of the content of these articles can be quite revealing. For example, those “extraordinarily high” Russian casualty figures – supposedly ten times higher than Ukraine’s. Canadian analyst Alexandre Robert revealed the only comprehensive (name-by-name) tabulation of the relative casualties in the conflict on his History Legends YouTube channel. He calculated that by the end of February 2026, 170,537 Ukrainian military personnel had been killed, compared to 155,725 Russians. While these totals are high (the Ukrainian figures are considerably higher than Western estimates), the Russian casualties are much lower than estimated by Western or Ukrainian sources.
The result has been a manpower shortage on both sides. Russia mobilises men aged 18-30, targeting 261,000 annually, but only achieving about half this. For Ukraine, draft evasion in huge numbers, and nearly 300,000 soldiers deserting or going AWOL intensifies the problem, driven by exhausted frontline units, reduced voluntary enlistment, overstretched training pipelines, and public unease with mobilisation. The Ukrainian authorities have resorted to coercive, heavy-handed mobilisation practices, often seizing civilians on the street. The drafting age is 25-60, but Ukrainian men between 18-60 may not leave the country. Men aged 18-24 may be drafted if they have received training.
While Western analysts argue that Ukraine faces an acute shortage of trained, deployable infantry, they think that Russia maintains numerical mass but at sharply lower quality, relying on poorly trained mobilised reservists, prison recruits, and highattrition assault tactics. In this framing, Ukraine’s problem is a structural deficit of ready soldiers, whereas Russia’s is a quality and cohesion deficit, producing a “mass versus skill” dynamic that shapes the war’s tempo and casualty patterns.
Of course, they base this on a presumption of enormous Russian casualties due to “massed assaults.” In fact, in the face of massive enemy drone presence, the Russians developed tactics of infiltration by small teams of up to eight men, who go deep into enemy-held territory, from which they direct artillery fire and drone attacks on enemy positions. Using these tactics, they began capturing more territory, and an element of movement was added. This meant greater exposure to drones, raising casualty rates.
The Russian advances tend to be in short bursts, to minimise casualties. In contrast, the Ukrainians tend to make long rushes forward, taking more losses. Recently, they have adopted Russian infiltration tactics, making considerable progress in counterattacks. However, the Russians’ superiority in weapons and equipment means they recapture the territory lost fairly quickly.
The Russians fire about 10,000-20,000 artillery shells per day, compared to just 2,000 for the Ukrainians (spiking at 5,000 during offensives). Most of the Russian shells are manufactured domestically, the rest coming from North Korea and Iran. Ukraine is dependent upon its NATO allies, whose production is boosted by purchases from South Korea, South Africa, Turkey, and possibly indirectly from Pakistan and India.
Even more importantly, Russia uses 3,000-5,000 drones per day, while Ukraine launches 2,000-3,000 (spiking at 5,000 during offensives). Drones now cause an estimated 70% of battlefield losses, and the conflict has moved from “artillery-centric” to “drone-centric.” Both Ukraine and Russia build their own drones. But Russia is winning the war of attrition.
While The Economist has suggested otherwise, Russia’s spring offensive has not “stalled” amid “extraordinarily high” losses. The Russians paused operations waiting for the end of Easter and Victory Day ceasefires. Their spring offensive started getting into gear after Victory Day.
Economically, the war has been biting into Russian GDP growth, which declined from about 3.6% in 2023 to about 1.4% in 2025. However, manufacturing, driven by war production, has been growing at about 4% annually – although non-war-related production remains flat. Exports grew to US$ 30 billion in February and may be far higher due to the price escalation of petroleum following Trump’s war on Iran. Unemployment is at a historic low of 2%. Russia is tackling the resultant labour shortage through immigration of skilled workers from India, Bangladesh and China, with Sri Lanka also mentioned in the mix. Inflation is down to 5% from over 8% in 2023. So, economic stagnation is not a concern.
What about the issue of Putin’s popularity? The opinion polls have been consistent, with Putin having an approval rating of 65-85%. While most people expect the war to end in 2026, they favour escalation in the event of it extending. So, whence arises the Western perception of Putin’s fragility? A 23 February article by Peter Rutland and Elizaveta Gaufman in The Conversation says that signs of erosion and underlying fragility are increasingly visible beneath the surface. Of course, both of these academics – like Rajan Menon – have Cold War biases.
Why this sudden outburst of anti-Putin negativity? One much-commented-on aspect of the mainstream media of the West is the extent to which it sticks uniformly to the same narrative. For example, the media campaign which accused the then Labour Party leader, Jeremy Corbyn falsely of anti-Semitism included almost the entire mainstream media, including The Economist and The Guardian. So, this seems to be the beginning of a new propaganda campaign against Putin.
Of course, “Putin is losing his grip” nor “Putin’s undoing” are not rare phrases in the Western media. For example, “A war in Ukraine … could even prove Vladimir Putin’s undoing,” read a Facebook post by The Economist on 30 January 2022. Now, it says, “Putin is Hitler.” None other than former US Secretary of State Hillary Clinton equated Putin to Hitler in 2014.
The Western media may have launched this propaganda offensive because of the globally popular perception that Putin emerged a victor in the US-Israeli war on Iran. The West as a whole, its alliances fractured by popular opinion, faces humiliation. Revealing the truth about the Ukraine War – that Russia has captured nearly the entire Donbass region, its main strategic aim – might cause people to question the entire modus operandi of the Western powers.
While the political space exists in NATO countries to continue backing Ukraine, Ukrainian expectations are higher than what the publics of these countries would support. Deepening involvement (which Ukraine requires to stave off defeat) would likely face more resistance. The old consensus is breaking down.
By Vinod Moonesinghe
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