Russia Drains Budget for War as Economy Reverts to Soviet Norms
- Russia spending heavily on war, accounting for 40% of budget in 2023
- Labor force declining due to people fleeing country and being sent to fight
- IMF forecasts economic growth in Russia due to high production, but low consumption
- Revenue shortfalls expected in 2023, requiring austerity measures by the Kremlin
- Economic conditions becoming similar to Soviet era - high output but low living standards