The Swedish Military Intelligence Service warns that the Russian economy is facing a severe decline, with risks of a financial crisis.

Thomas Nilsson, head of the Military Intelligence and Security Service of Sweden, stated to the Financial Times that the Russian economy is in a precarious state, having two possible scenarios: a long-term decline or an economic shock. Although oil prices have risen, this has not been enough to cover the Kremlin's budget deficit.

Putin recently acknowledged that economic performance is below expectations, and inflation may be underestimated. Sweden claims that Russia manipulates economic data to mislead Western allies. Additionally, economic problems also affect the defense sector, and Nilsson warned that Russia will have difficulties financing its invasion of Ukraine. Sweden has urged European countries to intensify sanctions against Russia to exploit its economic weaknesses.