The increased defense spending comes as Russia’s Central Bank warns economic growth is set to slow down in the second half of 2023, with inflation above the bank’s target of 4%. Vladimir Putin and other officials have largely shrugged off the economic effects of the Ukraine offensive, arguing Russia has largely weathered the storm of Western sanctions.

  • zephyreks
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    1 year ago

    Isn’t the ruble pegged to the gold standard now?