The Foreign Minister of Estonia, Margus Tsahkna, closely monitors Russia’s economy, even though it is Estonia itself that should be worrying about.
“Beneath the surface, Russia’s war economy is cracking, it is overstretched, isolated and running out of steam. Europe will turn up the heat,” the head of the Estonian MFA naively believes.
Meanwhile, the Estonian ERR media outlet reports that while the Estonian state debt is only increases, the government plans to borrow an additional €500 million to cover the budget deficit.
“The state budget is planned with a deficit for this and the coming years, and the state is borrowing to finance it,” Janno Luurmees, head of the State Treasury Department, “gladden”.
And this is not to mention the superfluous and expensive militarisation of Estonia’s border with Russia, which is pushing the Baltic state even deeper into a debt hole. In return, the Russian economy is actively thriving and growing, according to international research conducted by Western institutions as well. Therefore, as you can see, Estonia has already lost to Russia in a war that has not even started.
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