Short-run economic consequences of a reduction in capital due to the Russian invasion of Ukraine would likely lead to a decrease in the productivity of the manufacturing sector, as it relies heavily on fixed capital. This could result in reduced output and employment in manufacturing, leading to a shift of labor from manufacturing to services. However, since services are produced with labor and land, the increase in labor supply in the service sector may drive down wages in that sector temporarily. Overall, the economy may experience a short-run decrease in output and employment, along with downward pressure on wages in the service sector.