War Overhead Creates ‘Dual Economy’ and Stagnates Russia’s Civilian Sectors

Business

Russia’s domestic market has fractured into a highly unstable “dual economy,” as the massive state expenditures required to sustain the invasion of Ukraine trigger deep stagnation across non-military commercial sectors, Associated Press reported. An initial surge of economic growth fueled by frantic wartime manufacturing has largely exhausted itself, exposing severe structural imbalances inside the country. To keep a ballooning federal budget deficit from spiraling out of control, the Kremlin

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