Sweden's military intelligence reports that Russia is manipulating economic data to mask the true state of its economy amid the Ukraine invasion. Official figures show a declining GDP and weak industrial production, but the reality may be worse with higher inflation and a larger budget deficit. Despite high oil prices, Russia's budget deficit remains significant. The weak economy does not deter Russia's strategic war objectives, but economic constraints impact military capabilities. The Russian economy faces a potential long-term recession or shock, with indicators suggesting a looming banking crisis.