Posted 11/6/2023, 3:39:10 PM
Russia's War Economy Risks High Inflation and Lost Social Spending
- Russia putting entire economy at risk to fuel war with Ukraine, says UK intelligence
- Inflation in Russia climbed to 6% in September, driven by rising food and fuel costs
- High inflation likely to increase costs of funding Russia's war, per UK intelligence
- Russian economy at risk of overheating due to increased military spending
- Continued high inflation expected to erode real government spending on areas like social care