https://www.moscowtimes.ru/2025/02/...achalo-gotovitsya-kkrizisu-vekonomike-a154881
It is/was in full swing. Russia is propping up almost every industry in the country. Cant do that, double defense spending, lowered revenues from oil exporting and continue to pay pensions, run 21% inflation, mortgage rates above 40% ( and thats if you put HALF DOWN ), construction of new residences down 25-30% ( conservative estimates ) and have a 4 trillion ruble deficit.
They have been raiding the NWF ( National Welfare Fund ) for over a year now. its out of cash. All it holds currently is gold and Chinese Yuan. Thats it.
The collapse of the old Soviet Union was brought about by the same scenario- Russia tried to keep pace with US on defense spending and literally buried themselves in spending money they didnt have or couldnt pay back what they borrowed.