When Will Russia Run out of Money? The Bell Webinar — September 30, 2025

As Russia is drafting its budget for the next year, and the Central Bank is trying to balance inflation and growth, we examine the current state of Putinomics and discuss its future.

Join us for a timely discussion as our experts dive into the details of Russia’s 2026 budget and share their diagnosis of the health of the Russian economy going forward.

During the webinar, we discussed the following topics:

• Is the Russian economy already in crisis?
• Would Putin have enough money to continue the war and keep the population fed?
• How bad is the fiscal deficit?

We discussed these and many other timely questions about the state of the Russian economy with our experts:

Alexandra Prokopenko

One of Russia’s leading independent economic analysts. Alexandra worked as an advisor at Russia’s Central Bank and Moscow’s Higher School of Economics. Today, Alexandra works as a researcher at the Carnegie Endowment for International Peace in Berlin. She holds an MA in Sociology from the University of Manchester.

Alexander Kolyandr

A financial analyst, a non-resident senior scholar at the Center for European Policy Analysis (CEPA), a former Vice President of Credit Suisse, and a former reporter at The Wall Street Journal and BBC.

Peter Mironenko

Co-founder of The Bell. Peter has 20 years' editing experience at Russia's largest business dailies – Kommersant and RBC. In 2017, he founded The Bell together with Elizaveta Osetinskaya and Irina Malkova.

Watch the full webinar below: