Anders Åslund, senior fellow at Frivärld, writes for the Estonian ICDS about the economic impact that sanctions have had on Russia. The article was published in a special edition of Diplomaatia magazine for the Lennart Meri Conference.
“The critical shortage is budget financing, as Russia’s last liquid reserves are likely to run out in the autumn of 2025. Budget cuts will become necessary. The economy will become a greater constraint on Putin’s warfare.”
Read it here.