As the war in Ukraine enters its fourth year, the Russian economy is facing significant challenges. Despite a sharp increase in military expenditure, which now accounts for nearly seven percent of Russia's GDP, maintaining strong economic growth has proven difficult. Last year's growth rate dwindled to just 0.6%, and projections indicate that 2023 might bring even worse outcomes. The article provides five graphs to illustrate these troubling trends and their implications for the country's future.

Additionally, the Russian government anticipated increases in oil and gas revenue for this year; however, there has been a substantial drop in these revenues as of January. This unexpected decline raises concerns about the sustainability of the government’s fiscal projections, which are heavily reliant on energy exports. With global markets shifting and ongoing sanctions against Russia, the ability to counterbalance rising military costs with stable economic performance appears increasingly precarious.

Overall, the article highlights the broader impact of the conflict on everyday life in Russia, as diminishing economic prospects directly affect standards of living. The implications of reduced economic stability could lead to greater social unrest and further complicate the Kremlin’s efforts to sustain its military endeavor. The ongoing economic decline suggests a potential turning point that could affect Russia’s future both domestically and in the context of its international relations.