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.”

  • Tuukka R@sopuli.xyzEnglish
    2·
    7 hours ago

    People keep repeating that we were promised the sanctions would have an almost immediate effect. Could someone tell me where that promise was made?

    I don’t think that was ever promised, really.