Russia’s economy is under mounting pressure as soaring military costs clash with fiscal constraints, forcing the government to halt bond sales and compete with businesses for scarce capital. High interest rates, needed to curb inflation, are crippling credit access, while unexpected blows like Ukraine’s strikes on refineries, ports, and Wildberries’ fulfillment centers are crippling supply chains and small businesses. Though not yet a collapse, these developments signal deepening economic strain tied directly to the war’s escalating toll.
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