A recent European community study reveals that the final stage of Putin’s wartime economy has commenced. The national wealth fund is depleted, the budget deficit for the entire year 2026 was exceeded in the first quarter, and the hidden national debt via the banking system has climbed to a threatening 50 percent of the GDP.
Rixa Fürsen discusses with economist Moritz Schularick why the Kremlin’s system resembles a financial bubble on the verge of bursting and why the illusion of infinite Russian resources is misleading.
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More from Rixa Fürsen can be found here: Instagram: @rixafu | X: @rixa_fursen.
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