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Top related persons:
— - 2 Alexandra Prokopenko - 2 Putin - 1 Mark Harrison - 1 Harrison - 1 who's - 1
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Service - 2 Carnegie Russia Eurasia Center - 2 Center of Eastern European - 2 International Monetary Fund - 2 Guardian - 1 Military - 1 Warwick University - 1 Monetary Fund - 1

Search resuls for: "Center of Eastern European"


2 mentions found


☆ Putin appears unstoppable, but even he 'doesn't know where the tolerance of the Russian people lies,' an economic historian said
  + stars: | 2024-02-26 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +2 min
Russia's economy appears resilient amid its war with Ukraine which has entered its third year. Military spending has reached 40% of Russia's budget, overshadowing social spending. AdvertisementDespite sweeping Western sanctions over the invasion of Ukraine, Russia posted a GDP growth of 3.6% in 2023 after contracting 1.2% in 2022. Experts say Russia's growth is driven primarily by war spending and subsidies. An International Monetary Fund official told CNBC earlier this month that Russia's economy is starting to look like the Soviet Union's.
Persons: —, Putin, Mark Harrison, Harrison, Alexandra Prokopenko Organizations: Guardian, Military, Service, Warwick University, Monetary Fund, Foreign Affairs, Carnegie Russia Eurasia Center, Center of Eastern European, International, International Monetary Fund, CNBC Locations: Ukraine, Moscow, Russia, Russian, Soviet Union, Soviet
☆ Russia may have to raise taxes to meet the spiraling cost of invading Ukraine: UK intel
  + stars: | 2024-02-05 | by ( Thibault Spirlet | ) www.businessinsider.com   time to read: +4 min
The Kremlin has plans to hike Russia's spending by 26% in 2024, per the UK's Ministry of Defence. Russia's National Wealth Fund is "increasingly being used to fund its invasion of Ukraine," it said. AdvertisementThe Kremlin will likely need to impose austerity measures to resolve Russia's budget deficit amid the growing cost of its invasion of Ukraine, according to UK intelligence. Advertisement"It is likely that the government will need to reduce its contributions to the National Wealth Fund and increase domestic taxes and debt to fund its planned expenditure," the UK MOD said. Such policies will have negative medium-to-long-term impacts, the UK MOD said on Monday.
Persons: —, Alexandra Prokopenko, who's Organizations: Ministry of Defence, MOD, Wealth, Service, UK Ministry of Defence, National Wealth Fund, Carnegie Russia Eurasia Center, Center of Eastern European, International Studies, Foreign, Reuters, Bloomberg, International Monetary Fund, IMF Locations: Ukraine, Russia, Soviet Union, Russian
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