✍️ Russia's economy is struggling due to the war in Ukraine, but experts say it's not on the brink of collapse. The government is facing a trade-off between military spending and civilian economy investment.
👉 Economists say Russia's economy is not on the brink of collapse
👉 The government is facing a trade-off between military spending and civilian economy investment
👉 GDP growth projected at less than 1% in 2024-25
👉 The government has announced plans to increase VAT and cut spending across the board
👉 Russia has redirected its energy exports to India, China and Turkey to soften the impact of sanctions
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