Russia will have to pay a heavy price for the Ukraine war, experts warn; the burden is increasing.:

The ongoing war between Russia and Ukraine will complete four years in just a few weeks. In these years, both countries have lost thousands of soldiers and civilians. Billions of dollars worth of infrastructure has been destroyed. Now, experts have warned Russia about this war. According to experts, Russia will have to pay a heavy economic price for the attack on Ukraine. It has also been said that even if the war ends today, it will take Russia many years to recover from it.

Analysts have said that Putin’s government is increasingly dependent on debt due to rising military spending and declining revenue. On Wednesday, the Russian government sold bonds to borrow approximately 108.9 billion rubles. This brings total debt issuance through 2025 to 7.9 trillion rubles.

Russia has no options left

Russia has few options other than selling bonds to borrow money. More than half of the country’s reserve, or emergency savings, has been depleted. The budget deficit has also widened, largely due to a 30 to 60 percent increase in military spending. Furthermore, revenue from commodities like oil and gas has declined following US sanctions.

Russia faces many challenges in the coming years. Rising oil prices, a strengthening ruble, lower-than-expected economic growth, and rising military spending are expected to exacerbate Russia’s problems. If interest rates remain high and oil and gas revenues decline, Russia will face only three options: raise taxes, cut other essential spending, or borrow more.

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