Russia's Economy Crumbles Amid War, Sanctions
Update: 2025-12-28
Description
Russias financial system faces severe strain as the Ukraine war enters its fourth year, with oil and gas revenues plummeting. Moscows attempts to fill the gap through sovereign wealth fund draining, tax hikes, and high interest rates are failing to combat stubborn inflation. Everyday Russians are hit hard by unpaid wages, furloughs, and shorter workweeks. Experts warn of a potential debt crisis and banking meltdown, with the economy teetering on stagflation. Peace talks loom, but Russian forces escalate attacks.
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