Russia's Hidden War Debt: A Ticking Time Bomb
2025-01-12
The Kremlin has secretly funded much of its war effort through risky, off-budget financing largely overlooked by the West. A new report reveals how Russia has compelled banks to provide preferential loans to defense contractors, totaling an estimated $210 to $250 billion. This clandestine debt accumulation has created a financial predicament for Moscow, leading to soaring inflation and a systemic credit crisis risk. This vulnerability offers Ukraine and its allies significant new leverage in negotiations.
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