The Kremlin is openly cutting social spending on the war – the Main Intelligence Directorate is analyzing Putin's statement.
Russian President Vladimir Putin has for the first time publicly acknowledged the country's deteriorating economic situation and the need to cut military spending.
This statement was commented on by the representative of the Main Intelligence Directorate of Ukraine, Andrey Yusov.
Yusov stressed that such rhetoric indicates serious problems within the system. He called Putin's statement a “remake” of Dmitry Medvedev's famous phrase: “There is no money, but you hold on.”
“It is clear that if a dictator publicly talks about such difficulties, it means that the real state of the Russian economy is even more systemically problematic,” noted the GUR representative.
Yusov added that it is not a question of Russia running out of resources for war tomorrow. However, the Kremlin is already preparing the population to reduce social spending in order to maintain funding for military needs.
The GUR believes that this is, in general, a positive signal for Ukraine, since it indicates the depletion of the aggressor’s resources.
Let us recall that the Russian banking system is under threat of a large-scale crisis. Experts warn that without an improvement in the economic situation, collapse could occur as early as April 2026. The main reason is said to be the rapid growth in the number of problem loans that debtors cannot repay.
The banking community is sounding the alarm over a wave of defaults that has arisen against the backdrop of high interest rates and a decline in the population's solvency. Therefore, the share of hidden debt that is not reflected in open reporting is growing.
Although official statistics do not yet record a critical level of overdue payments, internal analytical data from the banks themselves indicate a significant gap between public figures and the real situation. According to estimates from financial institutions, the total volume of bad debts is already approaching trillions of rubles, and banks are urgently taking measures to minimize risks.
