Key Points and Summary – Russia’s draft 2026–2028 budget signals mounting strain on war financing. Opposition economist Vladimir Milov flags seven straight years of >2% deficits and a 2025 shortfall raised to 2.6%, with official claims of later decline dismissed as unrealistic. -Sanctions have shut Moscow out of global capital; domestic borrowing and dwindling reserves […]

Last month, the Russian government released a draft of the proposed 2026–2028 federal budget, which purports to show the near-term priorities of President Vladimir Putin.

Vladimir Milov, a Russian opposition politician who left Russia after Putin’s February 2022 invasion of Ukraine, has released a pessimistic assessment of the former KGB lieutenant colonel’s chances of being able to continue to bankroll his war in Ukraine.

In his latest report for the Foundation, he projects rough times ahead for Moscow due to a series of unfavorable trends.

According to his analysis, Russia’s budgetary situation is anything but “normal.”

  • MrFinnbean@lemmy.worldEnglish
    1·
    2 hours ago

    Printing money does not create wealth. I.e. it does not create new jobs. What it does is it dilutes the wealth.

    It can be tool to revitalize the economy in hopes getting people to spend more and help them pay their loans or getting new ones, ir short term help goverment build something/try to pay their debts, but on its own printing money just creates inflation.

    So when somebody on internet says “oh, they can just print money” its not how it works.