The Russian economy is experiencing increased structural dependence on China amidst ongoing geopolitical isolation. Recent reports indicate the nation is depleting its national welfare funds, raising concerns regarding long-term fiscal sustainability.
“The entire Russian economy is now a war economy. It's turning out more equipment, missiles, drones, not so much sophisticated tanks, and that kind of things. At a rate that is faster than they've ever done before.”
“So the degree to which the Russian economy has become dependent on Chinese relationship has been somewhat of a of a surprise.”
“I'm worried that that could give a new life economically to a Russian economy that is going to run out of its national welfare funds this year.”