“If fiscal expenses remain at their January levels throughout the remainder of the year, the NWF reserves could vanish in just three months. And even if they don’t — as is more likely — 2025 is probably the last year Moscow will be able to fully cover its fiscal deficit by tapping into those savings.”

  • Tuukka R
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    6 hours ago

    People keep repeating that we were promised the sanctions would have an almost immediate effect. Could someone tell me where that promise was made?

    I don’t think that was ever promised, really.