How Putin’s War Pay Is Creating New Wealth in Russia | WSJ @wsj
How Putin’s War Pay Is Creating New Wealth in Russia | WSJ  @wsj
Uploaded September 2026 | Updated September 2026, 2 weeks ago
Russian soldiers receive millions of rubles when signing contracts for the war. This injection of cash is transforming the social fabric of remote Russian cities, such as Ulan-Ude, in Russia’s Buryatia region. New apartments and cars purchased with war money come with a hefty price tag: as modern real estate is being built, graves are piling up, and a generation of men is disappearing.

WSJ spent months interviewing current and former residents of Ulan-Ude, and analyzing social media footage, to offer a rare look at how war money is transforming the remote Russian city.

Chapters:
0:00 Russia’s war boomtowns
1:48 Mobilization in Ulan-Ude
5:02 Where the money goes
5:54 The recruitment strategy
8:23 The societal costs

WSJ Originals features in-depth reporting, investigations and on-the-ground journalism that uncovers the forces shaping business, politics and the world around us.

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How Putin’s War Pay Is Creating New Wealth in Russia | WSJ

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