Russia's economy is facing a perfect storm of challenges, as a widening budget deficit and Ukrainian strikes on key infrastructure threaten to derail the country's fragile recovery. Despite a recent surge in oil revenue, driven by ongoing conflict in the Middle East, the Kremlin's economic woes are becoming increasingly apparent. The ongoing war with Ukraine has disrupted supply chains, damaged critical infrastructure, and drained Russia's resources, leaving the economy vulnerable to further shocks. As the conflict drags on, experts warn that Russia's economic resilience will be severely tested in the months to come.
A widening deficit and Ukrainian strikes are testing Russia's economy, even as war in the Middle East lifts oil revenue.
