University of Chicago economist Konstantin Sonin has issued a stark warning about the future of Russia’s economy. The ongoing conflict in Ukraine, he says, is setting the stage for a major economic crisis in Russia. What Happened: The ongoing Ukraine war has forced Russia to tighten its grip on its economy, leading to the disintegration of key market institutions, says Sonin. He cites Russia’s imposition of export restrictions on vital commodities in response to Western sanctions as an example of this disintegration. These shifts have led to significant price increases by some companies, while…