Leaked US military documents show the US believes Russia will be able to continue funding its war in Ukraine for at least another year despite Western sanctions, The Washington Post reported Wednesday.
The assessments were part of a trove of documents allegedly released by Jack Teixeira, an Air National guardsman who faces up to 15 years in prison if convicted for the leaks.
According to the Post, the leaked documents show that Russia’s economic elite are unlikely to withdraw support for Russian President Vladimir Putin even if they don’t agree entirely on the actions in Ukraine and have taken a hit from US sanctions.
“Moscow is relying on increased corporate taxes, its sovereign wealth fund, increased imports and businesses adaptability to help mitigate economic pressures,” the assessment reads.
The Post said the documents are marked with a code that suggests the intelligence was gathered by intercepting private conversations held by Russians on limiting the impact of sanctions.
While Russia’s economy took a major hit from Western sanctions, Moscow’s efforts to shield itself from the US-led economic campaign has kept its currency strong and allowed energy exports to keep flowing.
In the early days of the invasion, President Biden bragged that sanctions turned the Russian ruble into “rubble,” but it quickly bounced back and was one of the strongest-performing currencies of 2022. The ruble is currently at similar levels to how it was performing before the invasion.
Russia has also found new markets for its oil in Asia, and its oil revenue has continued to soar despite the G7’s attempts to place a price cap on Russian crude. The US is pushing other G7 nations to agree on new sanctions that would ban all exports to Russia but is facing pushback from the EU and Japan.