Russia overspends on Putin’s war in Ukraine by $28bn Russia’s military actions in Ukraine have led to significant overspending, estimated at $28 billion. The finance ministry has consequently urged the cabinet to halt spending in other government areas. This request was made in February as the financial burden of the conflict continues to grow.

• Russia has overspent by $28 billion on its war in Ukraine.
• The finance ministry requested a freeze on expenditure in other areas.
• This request was made to the cabinet in February.
• The mounting costs of the conflict are putting a strain on Russia’s finances. Continue reading https://www.ft.com/content/93674b5c-06ea-4e49-a005-dc08e1091574