How Russia gets by financially ...Middle East

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Vladimir Putin claims Russia has everything it needs to withstand the cost of the war and the West’s sanctions. Military and national security expenditures in 2023 through 2025 reportedly are planned to be 9.5 trillion rubles, and social spending is set at 7.3 trillion rubles. Putin may command sufficient money to pursue such outlays for several years by drawing on Russia’s reserves of gold, Chinese yuan and euros. Overall, however, Russia’s future is bleak. It faces decades of economic stagnation and regression. Industrial production, even for the military, is likely to continue falling. High-tech goods from the West are no longer available. Many Western companies have left Russia, t

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Last updated : 10 February 2023 clock 04:01 PM

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How Russia gets by financially ...Middle East

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