A few more minutes on the financial crisis hitting Russia. War spending is predicted to rise a lot in the 2025 budget, oil revenues are likely to fall dramatically from what was predicted in the 2025 budget.
Russian analyst-in-exile Konstantin speculates on emergency actions Putin may take to try to contend with the government deficit crisis in the short term.
This is not so far away from my prediction some time ago that citizens could wake up one day to find that their deposits in banks had been converted into war bonds.
How would that work? If you had 1,000 rubles in your bank account, that would be replaced with a promise from the government to pay you 1,000 rubles with interest on a certain date in the future, chosen by the government.
Muscova delenda est
Russian analyst-in-exile Konstantin speculates on emergency actions Putin may take to try to contend with the government deficit crisis in the short term.
This is not so far away from my prediction some time ago that citizens could wake up one day to find that their deposits in banks had been converted into war bonds.
How would that work? If you had 1,000 rubles in your bank account, that would be replaced with a promise from the government to pay you 1,000 rubles with interest on a certain date in the future, chosen by the government.
Muscova delenda est