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Russian military consumed 46% of federal budget in Q1 2026 — a record alarming even Nabiullina
Russia's military expenditure consumed 46% of the federal budget in Q1 2026 — a historic record that alarmed even central bank governor Elvira Nabiullina, who had not expected such a rapid slowdown. Instead of market-oriented remedies, the Kremlin passed legislation further expanding government powers and allowing budget changes to be kept secret. Analysts warn Russia is moving toward full manual economic control.
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