A final countdown: At the current rate, the Kremlin will exhaust its financial reserves within a year
Before his trip to Alaska, Vladimir Putin boasted of Russia's stable federal budget and record-low inflation and unemployment rates. Unsurprisingly, none of what Putin said happens to be true. First, the federal budget is in an unusual predicament. Second, even official data forecasts anemic economic growth — if not a looming depression. This does not mean that, once its reserves are depleted, the Kremlin will automatically have to stop the war.