Moscow could soon struggle to finance the war, and fiscal breathing room may well be what the Russian leader’s looking for.

“If fiscal expenses remain at their January levels throughout the remainder of the year, the NWF reserves could vanish in just three months. And even if they don’t — as is more likely — 2025 is probably the last year Moscow will be able to fully cover its fiscal deficit by tapping into those savings.”

  • mindbleachEnglish
    2·
    1 month ago

    Doesn’t hurt that he’s writing both sides of the agreement. Surrender looks an awful lot like “we win, fuck you.”