...the head of
Sweden's Military Intelligence and Security Service, Thomas Nilson, now says that Russia will struggle to continue to finance its own
invasion of Ukraine as the war with
Kyiv enters its fifth year, leading to a 'financial disaster'.
Speaking to the Financial Times, Nilson says that Russia is 'living on borrowed time', and explains that the country's economy can only end in one of two scenarios: 'Prolonged decline or a shock. Either way, they continue their downward spiral towards financial disaster.'
'It's not a sustainable growth model to produce material for the war that is then destroyed on the battlefield,' he says, highlighting that Russia's economic faults have spread to the defence sector.
Nilson also believes that Russia is manipulating data to make Ukraine's allies believe that Russia is doing better than it is economically, despite the country being on the brink of a financial crisis.