US says Ukraine war putting ‘considerable strain’ on Russia’s economy
Written by Black Hot Fire Network on December 14, 2023
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Vladimir Putin’s war in Ukraine is damaging Russia’s economy, driving up domestic consumer prices and forcing Moscow to spend a third of its budget on defence, the US Treasury department has said.
Rachel Lyngaas, the department’s chief sanctions economist, said the combination of war, US allies’ sanctions and Moscow’s policy response was “putting Russia’s economy under considerable economic strain”.
The . . .
