Fear in the Baltics: “Putin is ‘all in’”. The pressing question is how long Russia's ruble will keep rolling.

The Balts see no end, economists are expecting a sudden collapse. “War spending acts like a drug on the economy,” said Vasily Astrov, a Russia expert at the Vienna Institute for International Economic Studies. According to the WIIW, the Russian economy, fueled by the arms boom, can no longer continue rapid growth.