Swedish intelligence said Russia has been covering up a weak, debt-driven economy hit by war costs and sanctions, warning of rising inflation and banking risks.
The people shouting “it’s all gone” are wrong. But there is absolutely massive (self inflicted) damage done to the Russian economy that they won’t recover from in decades, if ever.
Russia is spending every last bit of Soviet Union legacy on this war, from military gear to population.
The question is how much more damage are they willing to take, and historically, the answer to that question has always been “I didn’t hear no bell”.
The people shouting “it’s all gone” are wrong. But there is absolutely massive (self inflicted) damage done to the Russian economy that they won’t recover from in decades, if ever.
Russia is spending every last bit of Soviet Union legacy on this war, from military gear to population.
The question is how much more damage are they willing to take, and historically, the answer to that question has always been “I didn’t hear no bell”.