Cash flow is a present issue while CAPEX is an issue for the future and can be spread along years. Most of what Russia sent to fight (except the jets and Pantsi

Cash flow is a present issue while CAPEX is an issue for the future and can be spread along years. Most of what Russia sent to fight (except the jets and Pantsir AA systems) is stuff they intended to replace in the future and already planned for CAPEX. Thus, if you would apply accounting terms that stuff is already depreciated to 0 even if still has some operational value. The big question that we want answered is will be Russian forces insolvent? And they can be both financially and operationally insolvent. In the former they don't have cash to pay soldiers and suppliers and thus will have to depreciate their currency even further. In the latter they just don't have enough production capability and stock to cover the war needs for fuel, ammo and rations. Giving the know corruption on the military and government I think the latter is possible at least for a few critical items like MLRS ammo and cruise missiles.