Russia’s wartime economic system loses steam as oil revenues fall and the funds deficit grows

After two years of strong development fueled by army spending on the warfare in Ukraine, Russia’s economic system is slowing. Oil revenues are down, the funds deficit is up and protection spending has leveled off. The Kremlin wants cash to maintain its funds regular — and it’s clear the place President Vladimir Putin intends to get it: on the money register, from peculiar individuals and small companies. Story by Charlotte Lam.