Vladimir Putin is facing a reality check from his own team. According to a Bloomberg, Russia’s top finance officials and central bankers have delivered a blunt warning to the Kremlin: current military spending is officially out of control and completely unaffordable.
The officials are sounding the alarm that the country’s budget deficit is widening dangerously, urging major cuts to defense. But there’s a massive internal brawl brewing. The Defense Ministry is aggressively pushing back, demanding more cash to cover a massive $36 billion shortfall.
With Russia’s economy teetering on recession and rainy-day funds dwindling, Putin is stuck in a brutal financial squeeze. Turns out, funding a five-year invasion isn’t as sustainable as he hoped.
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