Russia's Economy Ministry has cut its 2026 growth forecast to 0.4%. In July, gasoline production covered only around 65% of seasonal demand. Putin is fighting this war on reserves — and they are running out. Learn more: blog.khodorkovsky.com/p/putin-thin...

Putin Thinks Time Is on His Side. It Isn’t.Sanctions alone will not end the war in Ukraine. But Russia is consuming its reserves and human capital just as Europe’s military industry begins to accelerate.blog.khodorkovsky.com