Ukrainian forces repelled a major Russian offensive in Kursk, destroying a battalion, 28 armored vehicles, and inflicting over 200 casualties on Russia.
Nov. 12
In order to boost the Russian economy, following the massive Western sanctions that were saddled on Russia following the full-scale invasion of Ukriane, the Kremlin decided to start spending big on domestic programs. The problem? The strategy led to very high rates of inflation, in Russia, which are becoming uncontrollable.
Perhaps even worse for the Russian public, whom Putin wishes to keep on his side, a housing mortgage bubble has arisen that could soon bust - an event that could cause hundreds of thousands or millions of Russians to lose their homes.
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Though both of these events are bad news for Moscow, there is an even bigger problem on the horizon: Oil prices are crashing. Without high oil prices, fixing any of these economic problems, or financing the war, becomes impossible.
Putin, thanks to his poor economic decisions, may have put Russia's invasion of Ukraine into checkmate.
