Moscow has been stealthily funding much of its war costs with risky, off-budget financing overlooked by the West. That funding is now under pressure, offering new leverage to Ukraine and its allies.
The Russian military industry is already mostly owned by the government. The war related industry took on $200-250billion in new debt. That is about the Russian pre war federal budget for a year.
The Russian military industry is already mostly owned by the government. The war related industry took on $200-250billion in new debt. That is about the Russian pre war federal budget for a year.