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Russia’s economy falters: Every third ruble funds Ukraine war

The collapse of oil and gas revenues and the economic slowdown continue to erode Russia’s budget, with one-third of its income going to the army and war efforts in Ukraine, The Moscow Times reported on March 10. The Finance Ministry acknowledged that the federal budget deficit reached 3.449 trillion rubles ($43.5 billion) in January–February, almost 1.5 times higher than in the same period a year earlier. [...]