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Weatherhead’s Roman Sheremeta explains Russia’s extensive war funding and inflation

Russia’s defense sector is running on overdrive — but firms are warning of bankruptcy
Business InsiderRoman Sheremeta, associate professor at Weatherhead School of Management, explained how Russia’s extensive war funding, driven by defense needs, has severely drained its financial reserves and fueled inflation. He described the situation as a “death spiral” of war expenditures causing more inflation, which in turn necessitates further spending.