GENERAL
Russia’s War Budget Bleeds Businesses Dry
Russian cities are witnessing a significant rise in business closures, a trend attributed to the escalating financial burden of the war in Ukraine. Moscow's mayor has announced significant cuts to civil servants and investment programs, reflecting a deepening fiscal crisis impacting regional budgets and small enterprises struggling with higher taxes and rents. This economic strain is seen as a direct consequence of the prolonged conflict, potentially impacting the Kremlin's stability.