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Russia s economy is headed into the snare of perpetual war as the Kremlin plans record-high military spending for 2024, think tank says

Russia's plans to spend even more on its war in Ukraine could set up the economy for high inflation and a deteriorating quality of life.

Carnegie endowment for international peaceAtlantic councilCarnegie endowmentInternational peaceMilitary spendingWar in ukraineWartime economyRussia 39s economyPerpetual warDefense spendingRussian navySergei shoiguCarnegie endowment for international peace

An oligarch who predicted that Russia may run out of money next year is surprised the economy has held up so far

"I was more or less sure that up to 30% of the economy would collapse, but it was way less," Oleg Deripaska told the FT.

New yorkUnited statesOleg deripaskaAnton siluanovNew york timesEuropean unionOligarch oleg deripaskaFinancial timesInternational monetary fundRussia 39s economyWartime economyVladimir putin

German foreign minister disappointed by weak effect of Russia sanctions

German Foreign Minister Annalena Baerbock said that the sanctions imposed by the West against Russia over its aggression against Ukraine are not effective enough, Deutsche Welle (DW) reported on Aug. 24.

Stephan lamby ernstfallAnnalena baerbockRating agencyGerman foreign minister annalena baerbockDeutsche welleStephan lambyZeiten des kriegesMoral rating agencySanctions imposedConomic sanctionsAnnalena baerbockDeutsche welleWartime economy

Ukraine is destroying us

by Don Surber The Washington Post, owned by Jeff Bezos, reported, “The Biden administration’s sprint to supply Ukraine with weapons central to its military success against Russia has yielded a promising acceleration of arms production, including the standard NATO artillery round, output of which is

Ukraine generalSverdlovskaya oblastUnited statesSankt peterburgNorth koreaRed chinaSmolenskaya oblastWest virginiaSouth africaWinston churchillRupert murdochVladimir putinCui bonoJeff bezosDon surberMartin luther king

The Kremlin has pumped so much money into the economy that it s creating a boom — but this house of cards could topple anytime soon

The Russian government's measures have boosted demand — and prices — for a range of products and services in Russia, per the New York Times.

New yorkUnited statesElvira nabiullinaAriel chernyyAlexandra prokopenkoNew york timesWagner groupCarnegie russia eurasia centerWartime economyRussian economyThe kremlin

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