Russia is benefiting from the Iran war, which has resulted in a surge in global oil and gas prices. Sergey Vakulenko, senior fellow at the Carnegie Russia Eurasia Center, estimates that Russia's oil price and gas production have exceeded $60 per barrel, bringing the Russian state almost $9 billion per month. The windfall has allowed Russian President Vladimir Putin to postpone planned cuts to state spending in various sectors of the economy that would have proved unpopular. The impact on Russia's economy will depend on the duration of the conflict, but it also provides a distraction from ongoing issues with inflation and high interest rates.