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How Long Can Russia Afford To Continue Its War In Ukraine?

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The final deficit of the Russian federal budget for 2022 appeared to be 3.35 trillion rubles, almost $48.8 billion according to the average exchange rate during the year. Although, the ruble became a partially convertible currency after the beginning of Moscow’s aggression against Ukraine, and therefore, the exchange rates must be treated carefully. The Russian government’s total revenue for 2022 was 27.77 trillion rubles (about $409.68 billion) and total spending was 31.11 trillion rubles (just under $459 billion) (RBC, January 10,…

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