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STOCKHOLM: The Russian economy is not collapsing, but it is stagnant and suffering high inflation. And this economic decline could be a tipping point, because Russia may run out of liquid reserves, prompting the Kremlin to cut public expenditures. For months, Russia’s official inflation rate has hovered around 10%. In
The most critical shortage, however, is budget financing, as Russia’s last liquid reserves are likely to run out in the
Finally, Russian wealth is also being redistributed in the West. Russian companies are being forced to sell their subsidiaries or
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