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flag Russia faces potential financial crisis by summer due to war-related economic strain and falling oil revenue.

flag Russian officials warn President Putin a financial crisis could hit by summer due to a 50% drop in oil revenue, rising inflation, high interest rates, and massive military spending. flag The war in Ukraine has strained the economy, with over 1.2 million Russian troops killed or wounded, business closures, layoffs, and growing fears of a banking crisis by October. flag Despite tapping its sovereign wealth fund and raising taxes, Russia faces mounting economic pressure from Western sanctions targeting oil exports and major energy firms. flag The conflict remains entrenched, with continued attacks on Ukraine’s infrastructure and little progress in peace talks.

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