{"id":26142,"date":"2025-01-17T09:34:07","date_gmt":"2025-01-17T07:34:07","guid":{"rendered":"https:\/\/cpd.gov.ua\/?p=26142"},"modified":"2025-01-17T10:40:59","modified_gmt":"2025-01-17T08:40:59","slug":"how-putin-drained-russians-savings-for-war","status":"publish","type":"post","link":"https:\/\/cpd.gov.ua\/en\/results\/rf-en\/how-putin-drained-russians-savings-for-war\/","title":{"rendered":"How Putin drained Russians&#8217; \u201csavings\u201d for war"},"content":{"rendered":"<p>For almost three years of full-scale war against Ukraine, the Russian National Welfare Fund has shrunk by two-thirds. At the start of 2022, the fund held $133.5 billion of \u201cfree money.\u201d Now, it\u2019s down to just $37.5 billion\u2014the lowest level since the fund was created in 2008.<\/p>\n<p>The Russian government used this fund to assure its citizens it would take care of them and guarantee economic stability under any circumstances. It also promoted the message abroad that Russia\u2019s economy had significant reserves and was unaffected by factors like falling oil prices or sanctions.<\/p>\n<p>However, vast sums from this fund are now being used to cover budget shortfalls caused by military spending and sanctions, rather than providing social welfare.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For almost three years of full-scale war against Ukraine, the Russian National Welfare Fund has shrunk by two-thirds. At the start of 2022, the fund held $133.5 billion of \u201cfree money.\u201d Now, it\u2019s down to just $37.5 billion\u2014the lowest level since the fund was created in 2008. The Russian government used this fund to assure&#8230;<\/p>\n","protected":false},"author":3,"featured_media":26125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","wds_primary_category":930,"footnotes":""},"categories":[930],"tags":[],"class_list":["post-26142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rf-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/26142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=26142"}],"version-history":[{"count":0,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/26142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media\/26125"}],"wp:attachment":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=26142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=26142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=26142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}