Russia’s war chest is swelling, but its foundations are far less secure than they appear.
Even as oil revenues surge from the war in Iran, Moscow faces a widening gap between rising military costs and uncertain, volatile income. Vladimir Putin has turned to the country’s billionaires, pressing them to help finance the war effort as the state looks to shift costs off its books.
Alexander Kolyandr reports that the windfall offers only temporary relief. Beneath the surface, the Kremlin is increasingly reliant on ad hoc funding and coercion, emphasizing a deeper structural weakness in Russia’s wartime economy.
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Russia’s war chest is swelling, but its foundations are far less secure than they appear.
Even as oil revenues surge from the war in Iran, Moscow faces a widening gap between rising military costs and uncertain, volatile income. Vladimir Putin has turned to the country’s billionaires, pressing them to help finance the war effort as the state looks to shift costs off its books.
Alexander Kolyandr reports that the windfall offers only temporary relief. Beneath the surface, the Kremlin is increasingly reliant on ad hoc funding and coercion, emphasizing a deeper structural weakness in Russia’s wartime economy.
Many windows to fall out of.
Actually an almost reasonably balanced article.