russia Just Admitted Its Banking System Is Dying (video commentary)

05/20/2026

Russia’s war against Ukraine has cost the Kremlin far more than they ever expected. Now, even Russian financial and economic experts are warning of the possibility of a bank crash. But the warning may be too late – there might not be anything Vladimir Putin can do about it. In this video I talk about the economic factors of the war in Ukraine, how Russia is hiding its military spending, and why the Russian economy is buckling under the strain of the war.

https://www.youtube.com/@PaulJWarburg

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