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Russia to cut civilian budget spending to lowest level in 20 years
📈 Business

Russia to cut civilian budget spending to lowest level in 20 years

Analysts at Alfa-Bank calculated from preliminary data of Russia's budget draft that federal spending unrelated to the military, weapons, security services, and public debt servicing will fall next year to its lowest level in over two decades. This indicates a profound shift of the Russian economy onto a war footing, which experts describe as "an economy in a state of decay."

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