Russia Ukraine War Costs: Kremlin Hides True Budget Deficit & Austerity Measures Rise

Russia’s Budget Deficit Widens as War Costs Mount, Prompting Regional Austerity Moscow is facing a growing financial strain as the economic costs of the ongoing conflict in Ukraine continue to escalate. While official figures present a relatively stable economic picture, mounting evidence suggests Russia’s actual budget deficit is significantly larger than reported, forcing regional governments … Read more

Russia’s War Economy Stalls: Recession Risks Grow

The initial economic boost Russia experienced following its full-scale invasion of Ukraine, fueled by dramatically increased military spending, is waning. While the country’s gross domestic product (GDP) saw growth of around four percent in both 2023 and 2024, briefly elevating Russia to the ninth-largest economy globally, forecasts for 2026 paint a far more subdued picture … Read more