politics / leaders
4 hours ago

Putin's Soviet-Era Mistake: Military Overspending Risks Russia's Economy

Putin's Soviet-Era Mistake: Military Overspending Risks Russia's Economy
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7 Highlights
  • Putin boosts defense budget, echoing Cold War-era spending.
  • Critics at Davos say Russia's economy mirrors Soviet downfall.
  • Economic strain grows as Russia prioritizes military spending.
  • Ukraine conflict intensifies Russia's isolation and economic stress.
  • Sanctions persist, emphasizing Russia's military focus over growth.
  • High inflation and a weak ruble worsen Russia's economic woes.
  • Economists note some resilience in parts of Russia's economy.
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