#Economy
184 articles
-72b63a4e0c8c475ad81fe3eed3f63729.jpeg "Photo of Cyril Barabaltchouk")
-4b416d3e3e5d5a37a3203628ecfe5ef5.jpg "A tanker carrying crude oil from the Russian Far East of Sakhalin arriving in waters off Imabari in Ehime Prefecture, western Japan, on May 4, 2026. (Source: Getty Images)")
![Flames engulf Russia’s Tuapse oil refinery following a Ukrainian drone strike. (Source: Volodymyr Zelenskyy)]( "Flames engulf Russia’s Tuapse oil refinery following a Ukrainian drone strike. (Source: Volodymyr Zelenskyy)")
![A Gazprom logo above the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia. (Source: Getty Images)]( "A Gazprom logo above the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia. (Source: Getty Images)")
![Soldiers stand on the grounds of the Breitenworbis highway maintenance depot in Thuringia, Germany, during a transnational Bundeswehr exercise. (Source: Getty Images)]( "Soldiers stand on the grounds of the Breitenworbis highway maintenance depot in Thuringia, Germany, during a transnational Bundeswehr exercise. (Source: Getty Images)")
![Central Asian migrants, working at the construction site of a pier for touristic ships, stand opposite the Moscow International Business Center (MIBC), also known as Moscow City, April 5, 2024, in Moscow, Russia. (Source: Getty Images)]( "Central Asian migrants, working at the construction site of a pier for touristic ships, stand opposite the Moscow International Business Center (MIBC), also known as Moscow City, April 5, 2024, in Moscow, Russia. (Source: Getty Images)")
![View of freight cars on the territory of the Northern Shipyard in St. Petersburg, Russia. (Source: Getty Images)]( "View of freight cars on the territory of the Northern Shipyard in St. Petersburg, Russia. (Source: Getty Images)")
![Russia economy war financing public debt budget deficit]( "When Will Russia Run Out of Money for the War? The Role of Public Debt")
- Author
![Khrystyna Borovkova]( "Khrystyna Borovkova")
- Category
- World
Domestic public debt—once touted by Putin since 2012 as being low—has become Russia’s main tool for plugging a widening budget gap as it wages war against Ukraine and tries to keep its economy afloat. For now, it can “patch” budget shortfalls, but the mechanism is fragile. Greater economic pressure could hasten the moment Moscow is forced to the negotiating table.
-b9210a96b8009aa38895ba5a5945bcc1.png "Flames engulf Russia’s Tuapse oil refinery following a Ukrainian drone strike. (Source: Volodymyr Zelenskyy)")
-f9dfe5a91bdeceaca1da449afa83ddd6.png "When Will Russia Run Out of Money for the War? The Role of Public Debt")
-7ab3d055d78b4fffc2530930d91ffaa7.jpg "Khrystyna Borovkova")