Anyone have some projections on the financial stability for both Russia and Ukrain? As this meanders along it may be more of an economic attrition that decides this war. Below article covers some of the pending default details for RU. The narrowly avoided default at the start of May but has another deadline coming up on the 25th. What are the implications if they do default? How soon would that impact the purchasing power of the avg citizen?
Putin has been walking a tightrope, still trying to ride out a losing ticket, desperately trying to reinforce losses without committing to a full mobilization. He's afraid of public sentiment shifting on him, he can control the mobilization narrative but he can't indefinitely control the economic plunge.
Plus with all of the focus on Russia I'm still concerned about Ukraine's finances. Sure they are getting plenty of military assistance but how long can they sustain their economy during a total war? If it becomes a game of economic chicken who balks first?
https://www.cnbc.com/2022/05/10/russia-still-faces-high-default-probability-despite-payment-analysts-say.html