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Russian Economy Fractures: Sky-High War Costs Trigger Non-Military Stagnation
Massive military expenditures have split Russia’s economy into an overheated defense industry and a stagnating civilian sector, forcing the Kremlin to hike taxes.
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fortune.com
Russia warns war costs are ravaging its finances while Ukrainian 'drone overmatch' sends Putin's forces reeling in new phase of combat |…
Economic growth is also stagnating, with GDP expected to tick up just 0.4% this year, down from a previous view for 1.3%.
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kyivpost.com
Russian Economy Fractures: Sky-High War Costs Trigger Non-Military Stagnation
Massive military expenditures have split Russia’s economy into an overheated defense industry and a stagnating civilian sector, forcing the Kremlin to hike taxes.