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Keyword: failingeconomy

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  • Exclusive: Putin growing concerned by Russia’s economy, as Trump pushes for Ukraine deal

    01/23/2025 4:32:37 AM PST · by Timber Rattler · 25 replies
    Reuters ^ | January 23, 2025 | arya Korsunskaya, Guy Faulconbridge and Gleb Stolyarov
    President Vladimir Putin has grown increasingly concerned about distortions in Russia's wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of the situation told Reuters. Russia's economy, driven by exports of oil, gas and minerals, grew robustly over the past two years despite multiple rounds of Western sanctions imposed after its invasion of Ukraine in 2022. But domestic activity has become strained in recent months by labour shortages and high interest rates introduced to tackle inflation, which has accelerated under record military spending. That has contributed to the view within a...