US says Russia’s economy feeling strain of Ukraine war
Washington/Riga | Vladimir Putin’s war in Ukraine is damaging Russia’s economy, driving up domestic consumer prices and forcing Moscow to spend a third of its budget on defence, the US Treasury department has said.
Rachel Lyngaas, the department’s chief sanctions economist, said the combination of war, US allies’ sanctions and Moscow’s policy response was “putting Russia’s economy under considerable economic strain”.
Financial Times
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