10 upvotes, 1 direct replies (showing 1)
View submission: How the West Was Lost
Loans exist. Russia was in much more dire situations through its troubled history and it still survived. Most russians barely feel that there is a war happening.
Comment by BoringEntropist at 20/01/2025 at 09:16 UTC
2 upvotes, 1 direct replies
Although I agree the Russian economy turned out to be robuster than projected, they can't finance the state endlessly on credit. Sooner or later the bill is due. Either they have to cut services (pensions, healthcare, etc...), increase taxes or they have to inflate their debt away. So far they've managed to hide the costs of war from their people, but I doubt they can't do that for a further 3 years.