The Washington Post: Russia can afford to fund its war in Ukraine for several more years

Russia can afford to finance the war in Ukraine for several more years thanks to huge oil revenues and the failure of Western sanctions, Caliber.Az reports, citing an article by The Washington Post.

The leading factors of this phenomenon include huge military spending, which has increased significantly in recent years.

The publication notes that high payments to soldiers have not only contributed to the growth of military capabilities, but also pushed up overall economic growth. This, in turn, has led to higher wages and inflation, as companies are forced to raise salaries to meet the demands of a labour market where military salaries have become a benchmark.

Despite international sanctions and economic restrictions, Russia finds ways to circumvent these measures, allowing it to maintain a steady income from oil and gas sales, especially in Asian markets. This sets the stage for continued military action, even as domestic and external economic challenges become more pronounced.

The Washington Post emphasises that while the Russian economy faces challenges, it still has the resources to finance military action, which creates risks for further escalation of the conflict and requires new strategies for the West to respond to the situation.

By Khagan Isayev