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Oil Crash, No Cash: Russia's Economy in Whiplash - UATV English
Russia’s economy is teetering on the edge: a 23% drop in new construction, a trillion-ruble loss at Gazprom, oil prices crashing below $50, and a federal budget deficit already over 2 trillion rubles this year. Meanwhile, the Kremlin ramps up military spending and prepares to slash social programs. Is Russia heading toward full-scale economic collapse?
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