‘War’s turning point soon’: Russia to run out of ammunitions by end of spring, claims Ukraine intel chief

Ukrainian soldiers fire mortars at a nearby front line
Image source: AP Ukrainian soldiers fired mortars at the front line near Bakhmut.

Russo-Ukraine War: Russian forces are wasting huge amounts of human resources, armaments and material in the ongoing war against Ukraine, but they will soon run out of ammo “very soon”, claimed Ukrainian military intelligence chief Kirylo Budanov.

Speaking to USA Today, Budanov claimed the bomber would run out of ammunition by late spring. However, he did not elaborate to establish his claims. According to the intelligence chief, the “upcoming” battle will be decisive and it will decide the fate of both the countries. He added that the spring battle would be a “turning point”.

Russia may run out of money by next year

Earlier last week, a Russian oligarch made a huge claim in which he insisted that Moscow would run out of money by 2024. According to outspoken Russian oligarch Oleg Deripaska, the country will plunge into further economic crisis if it does not attract foreign investment.

“There will be no money already next year, we need foreign investors,” he told CNN at an economic conference in Siberia on Thursday. His comments come nearly a week after Russian President Vladimir Putin claimed that the country’s economy is performing “well” despite the fact that it has been under several Western and European Union-imposed sanctions for more than a year. is facing.

Russian budget deficit increased by more than $23 billion

The Russian premier’s contradictory statement came despite knowing that economic output shrank by 2.1% last year. Many economic pundits claimed that this trend would continue this year as well.

Ever since Moscow launched a full-scale war against Kiev, the United States and the European Union imposed sanctions on the country’s key industry (energy), resulting in a contraction of the economy. In the past year, Moscow’s government revenues fell by 35% while expenditures rose by 59%, leaving a budget deficit of around 1,761 billion rubles ($23.3 billion).

Also read: ‘Waiting for economic crisis…Russia may end by next year’, claims outspoken oligarch Deripaska

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