Austria had insisted Brussels unfreeze Russian assets to compensate for penalties imposed by Moscow, but has now dropped the demand ahead of a vote scheduled for 20 October.
16 of Russia's 38 oil refineries have been struck since August using domestically produced Flamingo cruise missiles and FP-1 drones that can reach targets as far as 3000 km (1864 miles) deep inside Russia.
The Russian economy is not collapsing, but it is stagnant and suffering high inflation. And this economic decline could be a tipping point, because Russia may run out of liquid reserves, prompting the Kremlin to cut public expenditures.
Russia just admitted something it has spent three years denying: the war is breaking its economy. According to Russian Finance Ministry data, Moscow’s federal deficit hit $62 billion by July — already 25% over its yearly target with five months still to go.