#Russia
6609 articles
-c439b7bd9030ecf9d5a4287dc361ba31.jpg "Photo of Katherina Popilnichenko")
-72b63a4e0c8c475ad81fe3eed3f63729.jpeg "Photo of Cyril Barabaltchouk")
![Russia economy war financing public debt budget deficit]( "When Will Russia Run Out of Money for the War? The Role of Public Debt")
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![Khrystyna Borovkova]( "Khrystyna Borovkova")
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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.![Illustrative image. Soldiers of the 39th Separate Coastal Defense Brigade prepare the French short-range ''Mistral'' air defense system for operation in the Kherson region, Ukraine, on August 26, 2025. (Source: Getty Images)]( "Illustrative image. Soldiers of the 39th Separate Coastal Defense Brigade prepare the French short-range ''Mistral'' air defense system for operation in the Kherson region, Ukraine, on August 26, 2025. (Source: Getty Images)")
![A Flakpanzer Gepard anti-aircraft gun tank at the OIP Land Systems SA factory in Tournai, Belgium, on March 27, 2025. (Source: Getty Images)]( "A Flakpanzer Gepard anti-aircraft gun tank at the OIP Land Systems SA factory in Tournai, Belgium, on March 27, 2025. (Source: Getty Images)")
![Ukrainian serviceman prepares a Polish-made FlyEye reconnaissance drone for launch in Donetsk region. (Source: Getty Images)]( "Ukrainian serviceman prepares a Polish-made FlyEye reconnaissance drone for launch in Donetsk region. (Source: Getty Images)")
![Mounted soldiers of The King’s Troop Royal Horse Artillery take part in a Royal Review on the occasion of their Tercentenary on May 26, 2016, in Lark Hill, England. (Source: Getty Images)]( "Mounted soldiers of The King’s Troop Royal Horse Artillery take part in a Royal Review on the occasion of their Tercentenary on May 26, 2016, in Lark Hill, England. (Source: Getty Images)")
![Ukrainian mobile fire unit searches for and engages Russian long-range drones in the Chornobyl Exclusion Zone, August 28, 2025. (Source: Getty Images)]( "Ukrainian mobile fire unit searches for and engages Russian long-range drones in the Chornobyl Exclusion Zone, August 28, 2025. (Source: Getty Images)")
-f9dfe5a91bdeceaca1da449afa83ddd6.png "When Will Russia Run Out of Money for the War? The Role of Public Debt")
-7ab3d055d78b4fffc2530930d91ffaa7.jpg "Khrystyna Borovkova")
