Event
Foreign policy
Russia's economy suffers from war as budget deficit rises
2 sourcesPublished · Updated
Russia's economy faces significant challenges due to the war, with a budget deficit reaching 2.8% of GDP. However, the Kremlin is currently avoiding a financial crisis thanks to high oil export revenues.
Key facts
- Budget deficit at 2.8% of GDP
- Bond yields reached 17%
- Economy nearly halted growth
Russia · Kremlin · Putin
Sources2
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- Independent
Українські Національні НовиниEarliest tracked report
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