Military spending in Russia is up while oil and gas revenue is down, and the shortfall is being covered by higher taxes, spending cuts on civilian sector, more borrowing, steady sale of reserve assets including national gold, and ballooning corporate debt driven by state-controlled banks ordered to flood military-related companies with cheap credit.
causalpending
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Unknown SpeakerEvidence Quote
“Military spending is up and oil and gas revenue is down... it's coming from everywhere. Higher taxes, spending cuts, more borrowing, and the steady sale of reserve assets, including the national gold... corporate debt has ballooned since the war began, driven largely by state controlled banks being ordered to flood military related companies with cheap credit.”
Created: 7/11/2026, 9:13:21 PM
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