Story perspectives

Putin's War Funding Feasible Despite Economic Stagnation

12/13/2025

Summary

Story summary

Sergey Aleksashenko, former head of the Russian central bank, said President Vladimir Putin can fund the war for years.
The Russian economy is close to stagnation, with growth projected at 0.9% this year.
Putin projects confidence, claiming Russia is overcoming economic issues.
Consumer spending declines as shoppers turn frugal and demand for nonessential goods weakens.
Oil and gas revenues have dropped significantly, highlighting limits to wartime economic stimulus.

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Story summary

Sergey Aleksashenko, former head of the Russian central bank, said President Vladimir Putin can fund the war for years.
The Russian economy is close to stagnation, with growth projected at 0.9% this year.
Putin projects confidence, claiming Russia is overcoming economic issues.
Consumer spending declines as shoppers turn frugal and demand for nonessential goods weakens.
Oil and gas revenues have dropped significantly, highlighting limits to wartime economic stimulus.