Analysts pointed out that the war has begun to negatively affect the economy of Russia and Vladimir Putin. According to Bloomberg, under the weight of war, sanctions, and a massive military budget, the Russian economy has started to falter. Even with external resilience, the economy is cracking, indicating a crisis within the war economy.
According to journalists from the publication, the war in Ukraine has also activated Russia's financial system. Putin signed a law that compelled banks to issue preferential loans to defense contractors regardless of their profitability. Furthermore, the country's corporate debt increased by 71% and was valued at nearly 36.6 trillion rubles – most of the debt is related to sectors connected to the war and technologies.