The Russian economy is getting closer to collapse

The Head of the Ukrainian Foreign Ministry draws attention to the fact that the Russian economy is beginning to enter a recession, so Kyiv's allies can no longer delay.

According to Sybiga, in January-November, Russia's federal budget deficit reached a record $54 billion — it could soon exceed $70 billion.

Also, one cannot ignore the fact that for the first time since the start of Russia's full-scale invasion, the consolidated deficit of Russian regions reached -$1.5 billion, compared to last year's surplus of $12 billion.

According to the Ukrainian diplomat, if the sanctions pressure on Russia increases, it will most likely eventually become unbearable for Putin.

Currently, sanctions only cover 20% of the entire Russian military-industrial complex. Restrictions should be applied to the rest

Andriy Sybiga

Minister of Foreign Affairs of Ukraine

It is also crucial that Russia is ultimately denied access to the technologies it uses in its war against Ukraine.