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Economy
Russian budget deficit reaches 7 trillion
Russia’s Budget Deficit Could Hit 7 Trillion Rubles—What Are the Default Risks?

Mounting Economic Pressures on Russia Russia’s economy is grappling with severe financial strain, particularly a ballooning budget deficit that could reach 7 trillion rubles by the end of 2026. In the first six months of 2023 alone, the state budget shortfall already stood at 5.7 trillion rubles. Du...

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