For Russia, a war is more important than the welfare of its people. At the Security Cooperation Forum in Vienna, Lieutenant Colonel Joby Rimmer, senior military advisor to the UK delegation at the OSCE, stressed that Russia’s aggression is having catastrophic effects on its economy, UkrInform reports.
Despite Russia reportedly losing over $150 billion due to sanctions, these measures have not truly curbed Moscow’s ability to wage war. While the restrictions have frozen Russian reserves, Moscow has adapted by finding alternative trade partners, increasing domestic production, and exploiting loopholes.
He highlighted that international sanctions have cost Russia approximately $450 billion in revenue from its energy sector. Additionally, two-thirds of the liquid assets in Russia’s National Wealth Fund have already been depleted.
The Central Bank of Russia’s key interest rate has surged to 21%, signaling a deep financial crisis.
Rimmer noted that 40% of Russia’s 2025 budget is allocated to defense spending, marking the first time since the Soviet era that defense expenditures have surpassed social spending.
He emphasized that the Kremlin is deliberately prioritizing war over the well-being of its own population, a decision driving the country toward impoverishment.
Despite official claims of seeking “peace,” Russia continues intense airstrikes against Ukrainian cities, clear evidence of its lack of genuine intent to negotiate, the British official said.
The UK’s position remains firm: Russia’s invasion is a blatant violation of international law, and support for Ukraine will continue until its sovereignty is fully restored, he added.