Part 6/11:
One of the pressing issues discussed is the fragility of the Russian state. Jake reveals alarming findings regarding Russia's military financing, which appears unsustainable. Reports suggest that the Kremlin is perpetuating a facade of economic stability by compelling banks to offer loans to defense contractors, leading to a staggering accumulation of corporate debt. This precarious financial management is contrary to basic economic logic and poses a ceiling to Russia’s military ambitions.