The ongoing war in Ukraine is 'exhausting' Moscow's forces and economy, Ukraine's deputy prime minister, Olha Stefanishyna, said.
"Recent aggressive activity has been reinforced by the Russian Federation in the eastern and the southern directions of Zaporizhzhia, and [the] Donetsk and Luhansk regions," the deputy prime minister said, partially a reference to recent Russian gains around the eastern towns ofUkraine's Deputy Prime Minister Olha Stefanishyna attends a press conference in Prague, Czech Republic, on July 14, 2022.
The West's unprecedented sanctions against Russia are taking a toll, though over the past decade the Kremlin has garnered expertise in finding loopholes and dodging certain measures., bringing the country's annual shortfall to some $48 billion. The European Union-G7 oil price cap is eating into Moscow's lucrative fossil fuels earnings, costing the Kremlin around $172 million every day, according to a report published this week by Finland's independent Centre for Research on Energy and Clean.aid in December that the oil price cap—which Putin has called"stupid"—might push Russia's budget deficit beyond the 2 percent projected for 2023.
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