Last month, the Russian government released a draft of the proposed 2026–2028 federal budget, which purports to show the near-term priorities of President Vladimir Putin.
Vladimir Milov, a Russian opposition politician who left Russia after Putin’s February 2022 invasion of Ukraine, has released a pessimistic assessment of the former KGB lieutenant colonel’s chances of being able to continue to bankroll his war in Ukraine.
In his latest report for the Foundation, he projects rough times ahead for Moscow due to a series of unfavorable trends.
According to his analysis, Russia’s budgetary situation is anything but “normal.”
Money is fictional anyways. If they want to, Moscow can print literally arbitrary amounts of Rubels. There’s no way they’re gonna bankrupt.
What could be interesting, however, is see how the economic situation unfolds for everyday people.
If I’m not mistaken, their inflation and interest rates are already crazy high, nearing 20%. Yes, they can print even more money, but it won’t give them more resources from abroad, and they’re already nearing the point where they might spiral into hyperinflation.