Hieronymus Bosch, The Conjurer, ca. 1502[Below is the draft Executive Summary from a forthcoming report entitled Russia’s Hidden War Debt. The full report is expected to be published in the coming days on Navigating Russia.]Moscow has been stealthily pursuing a dual-track strategy to fund its mounting war costs. One track consists of the highly scrutinized defense budget, which analysts have routinely deemed “surprisingly resilient.” The second track—largely overlooked until now—consists of a l...