Russian economy faces mounting challenges amid rising military spending and banking instability
Inflatie
In a stark address at Sberbank's annual shareholders meeting on June 30, German Gref, the head of Russia's largest bank, painted a bleak picture of the Russian economy's future. The country is grappling with a rapid surge in military spending, inflation spikes, and a significant hike in the central bank's key rate, hindering quick economic fixes. The forecast for 2026 doesn't offer much solace either, with expectations of continued challenges. "The situation heavily hinges on geopolitics, GDP
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