WORLDSEMAFOR
Russia’s fiscal discipline erodes
Russia's fiscal discipline is eroding as the government passed legislation to borrow more money, with the Ukraine war driving unsustainable defense spending and a 2.6% GDP federal deficit. Ukrainian attacks on energy and export infrastructure, including a drone strike in Crimea, are further straining the economy.
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Adjacent reporting
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- Russian Economy 'in Dead End' as War Costs Devour Budget
- Russia cuts economic forecast as war bites further
- EU relaxes budget rules amid Iran war ‘turbulence’
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