this post was submitted on 20 Jan 2024
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Russia has burned through almost half of the liquid reserves in its national wealth fund as it bleeds money amid the war in Ukraine (www.businessinsider.com)
submitted 7 months ago by MrMakabar@feddit.de to c/ukraine@sopuli.xyz
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[–] herrwoland@lemmy.world 0 points 7 months ago (1 children)

So how many more years before they eventually run out of budget for this war?

[–] MrMakabar@feddit.de 0 points 7 months ago (1 children)

This fund will last this year and depending on how much money Russia needs and the oil price next year as well. However nobody looses wars due to running out of money. You loose on the battlefield or due to the suffering of the population being to bad. The fund running empty just means average Russians will get worse government services and economic support is going to fall. If Putin cuts back too much, he has a revolution on his hands.

[–] HobbitFoot@thelemmy.club 0 points 7 months ago (1 children)

I'd argue that Germany lost World War I due to ruining out of money. Some wars are lost due to attrition.

[–] MrMakabar@feddit.de 0 points 7 months ago

After WW1 Germany had more then enough money, but nothing to buy with it. Hard to say they ran out of money.