War Economy

Is Russia Headed for Economic Ruin in 2025? Analyzing the Financial Fallout of Prolonged Warfare

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Gazprom Headquarters

As the war in Ukraine drags on into its third year, Russia finds itself at a critical economic crossroads. The Kremlin’s war chest is rapidly depleting, and sanctions are tightening the noose around key revenue streams. With the National Wealth Fund almost exhausted and budget deficits ballooning, Russia’s ability to sustain the current pace of … Read more

Russia’s Military Budget Jumps 25%: What It Means for the Economy and Citizens

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A destroyed Russian BMP-3 near Mariupol, 7 March 2022

Analysts warn that Russia’s militaristic economic strategy and planned military expenditures could deepen significant imbalances within the government’s finances. Under the leadership of Prime Minister Mikhail Mishustin, the Russian government has recently approved a draft budget for 2025-2027 that anticipates a dramatic increase in defense spending, projected to rise to 13.5 trillion roubles (approximately $145 … Read more