Already on a negative trajectory since 2020, Russia’s National Wealth Fund, now holding only 1.9% of GDP, could be gone in six months if war expenditures don’t come to an end, according to former Russian Finance Minister Mikhail Zadornov. Russia’s National Wealth Fund (NWF), established as a financial safeguard for rainy days, is now facing imminent depletion amid ongoing economic challenges.

The price of coal on the world market continues downward, exacerbating the already catastrophic situation within the industry that comprises 7.4% of Russia’s total exports.

A combination of a rapidly slowing economy and excessively high interest rates has effectively killed the Russian auto industry, with industry leaders calling for government bailouts. Around 60% of Russia’s car dealers now face bankruptcy if government fails to step in with large scale bailouts of the industry, according to the head of the Russian Automobile Dealers Association (ROAD) Alexei Podshchekoldin. “Some will last another two or three months, someone will last up to six months.

A summary of Ukraine’s January strikes on Russia’s oil industry, the Achilles Heel of the Russian terrorist state. In terms of Ukraine’s strikes on Russian territory, January 2025 was the month that the gloves finally came off.