Russia has borrowed its largest amount of cash ever in a single day to raise funds for the Ukraine war, British defence chiefs have said.
On Wednesday, Russia’s finance ministry borrowed $13.6billion (£11.4billion) as it conducted its biggest ever debt issuance in a single day in order to continue Vladimir Putin’s faltering invasion.
In its latest intelligence report, the Ministry of Defence (MoD) warned that the money raised is a “key mechanism to sustain defence spending”.
The ministry added: “On November 16 2022, Russia conducted its largest ever debt issuance in a single day, raising RUB 820 (USD $13.6billion).
“This is important for Russia as debt issuance is a key mechanism to sustain defence spending, which has increased significantly since the invasion of Ukraine.
It comes as Russia claimed to have “successfully” carried out flight tests of its giant Satan-2 hypersonic missile.
It said Russia had launched six large-scale missile attacks on Ukraine’s energy infrastructure in October and November. »
