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Russia preps for tough 2023 as budget deficit set amid war

Por: Newsweek World December 27, 2022

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Russia's 2023 budget will impose financial challenges amid a deficit, First Deputy Prime Minister Andrei Belousov said Tuesday.The deficit is due to both the war in Ukraine, now entering its 11th month, and the sanctions imposed by the United States and other Western pro-Ukraine countries.Top Russian officials expressed concern in June due to sanctions. The Institute of International Finance, a banking lobby group, predicted then that... + full article



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