Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
So far, the Kremlin has been able to finance military spending by selling gold from the Russian National Wealth Fund. Eventually, this fund will run out.
“Forcing the economy to run at the current pace will, however, exacerbate its current problems and only delay the major bust that they will trigger.”
Interesting read, but what are the actual implications? Felt like it stopped before getting to the point. Is there a risk of a crash or what?
So far, the Kremlin has been able to finance military spending by selling gold from the Russian National Wealth Fund. Eventually, this fund will run out.
“Forcing the economy to run at the current pace will, however, exacerbate its current problems and only delay the major bust that they will trigger.”
https://www.reuters.com/breakingviews/russian-war-economy-is-overheating-powder-keg-2023-10-25/