Russia raised more than $13 billion in a single day.
It was the largest amount Moscow had raised in a single day, according to Defence Intelligence.
Russia's defence spending is expected to go up by 40%.
Russia has raised more than $13 billion in a single day, as the cost of the war with Ukraine continues to rise.
The Russian Federation conducted its largest debt issuance on Wednesday, according to the British Ministry of Defence.
Russia's "national defence" spending is estimated to be more than 40% higher than forecast, according to a report.
Russia's finance ministry is expecting an increasingly uncertain fiscal environment over the next year, according to the MoD report.
—Ministry of Defence 🇬🇧 (@DefenceHQ) November 19, 2022
The Wall Street Journal reported that in June the US Treasury stopped American investors from buying Russian debt on the secondary market.
The cost of the invasion of Ukraine is not known. According to the Organization for Economic Co-operation and Development, the conflict will cost the global economy over two trillion dollars by the end of the year.
The damage to the Ukrainian economy from the destruction of buildings and infrastructure was estimated by the Kyiv School of Economics. In the summer, the government estimated it would need $5 billion a month to maintain essential services and $750 billion to reconstruct.
CNBC reported in March that the economic sanctions imposed on Russia are likely to be felt by Russians for a long time.
Insider requested a comment from the Russian Federation.
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