Putin no longer has the money or the kit to sustain a high-tech modern war

Описание: Sanctions against Russia have been the unsung success story of the advanced democracies. Vladimir Putin’s ability to wage military war against Ukraine, and geo-ideological war against the liberal world, is being ground down systematically with each passing month.

Earnings from Russia’s oil and gas exports fell by 52pc over the first four months of this year, and hydrocarbon rent is what funds two-fifths of the Kremlin’s budget.