Russia’s Economic Decay Undercuts Putin’s Global Ambition
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Executive summary:
Russian President Vladimir Putin hosted the third Russia–Africa Summit in Moscow on October 28–29, meeting delegations from 48 countries and approximately 20 African leaders. The summit produced few practical results despite its significant scale and pomp.
Russia’s deteriorating finances are undermining its ability to finance foreign partnerships while sustaining its war against Ukraine. Signs of economic decline include Russia’s 2027 budget projecting a huge deficit, P
Russian President Vladimir Putin hosted the third Russia–Africa Summit in Moscow on October 28–29, meeting delegations from 48 countries and approximately 20 African leaders. The summit produced few practical results despite its significant scale and pomp.
Russia’s deteriorating finances are undermining its ability to finance foreign partnerships while sustaining its war against Ukraine. Signs of economic decline include Russia’s 2027 budget projecting a huge deficit, P
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