Russia poured 46% of its budget into the military in early 2026 even as revenue fell — ISW
Moscow promised to cut war spending in 2026. It raised it 30% instead, according to an expert's assessment.
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Russian military spending
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ISW: Russia is “burning the candle at both ends”—bankers quietly brace for bailouts
Russia’s top financial execs reportedly fear a growing debt crisis despite Central Bank claims of stability.