Putin's war economy: Are Russians feeling the pinch?
Ukrainecast
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Russia's Defense Spending Surge
This chapter examines the projected 25% increase in Russia's defense spending, expected to reach around 145 billion dollars, and its implications for the economy. It discusses the long-term commitment to a war economy reliant on oil prices while contrasting the economic impacts of the war on Russia and Ukraine. The chapter also delves into the effects of international sanctions, the resilience of the Russian economy amidst these challenges, and the varying consequences on different social classes within Russia.
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