83: Russian Economic Stagnation and War Finance. Michael Bernstam confirms that the Russian economy is stagnating, expecting no growth for years due to exhausted resources and reliance on military pro

Russian Economic Stagnation and War Finance. Michael Bernstam confirms that the Russian economy is stagnating, expecting no growth for years due to exhausted resources and reliance on military production. Oil and gas revenues are down significantly due to Western sanctions and high discounts, widening the budget deficit. Russia is increasing taxes, including the VAT, which drives inflation in staples. This economic pain damages the popularity of the war by hurting the low-income population—the primary source of military recruitment. 1951