Russia s Mobilization, Plunging Oil Prices Weaken Putin s Economic Hand – WSJ

A costly troop mobilization, plunging energy prices and a new round of Western sanctions threaten to bear down on Russia s already embattled economy and undermine the financial underpinnings of President Vladimir Putin s war in Ukraine.

The economic storm clouds come as Mr. Putin orders more financial resources directed at the war in Ukraine. The Kremlin s decision to call up more than 300,000 soldiers will require new funds to equip, train and pay the new reinforcements, analysts said. It has also spread disruption among Russia s private businesses, which face a fresh challenge as workers report for duty or flee the country.

via www.wsj.com