German intelligence accuses Russia of hiding true economic cost of war
Published on March 4, 2026.
Germany's Federal Intelligence Service (BND) has accused Russia of hiding the true cost of the war in Ukraine. The BND claims that Russia's budget deficit in 2025 is over 2.36 trillion roubles ($30.45 billion) higher than officially stated and that Western sanctions are having a significant impact on the Russian economy. This comes alongside lower oil and gas revenues due to a decrease in global prices. The Kremlin has previously stated that falling revenues and a growing budget deficit are necessary due to macroeconomic stability.
Related Articles
Abercrombie & Fitch forecasts annual profit above expectations
Abercrombie & Fitch forecasts higher annual profits due to strong demand for its products, despite ongoing economic challenges.
Asian petchem makers face naphtha disruption as Iran conflict widens
As the Iran conflict widens, Asian petchemists face significant logistical challenges and potential production cuts, driving the benchmark naphtha margin to a four-year high.
Registration Open for OLLI at Ringling College Spring Semester, March 16-May 8, 2026
The Osher Lifelong Learning Institute at Ringling College is open for the spring 2026 semester, featuring over 50 classes, events, and training in various subjects including jazz music appreciation, Islam, and financial wellness.