No Economic Model Can Predict When Russia Runs Out of Money for War, NBU Says

Russia's seaborne oil export revenues nearly tripled to $2.5 billion weekly in Q1 2026 due to Middle East shipping risks and premium pricing. However, the National Bank of Ukraine reports underlying economic deterioration including GDP contraction, budget deficit overruns, and a 45.4% year-on-year decline in oil and gas revenues, with the timeline to resource exhaustion determined by politics rather than economic models.