Economist of Russia's Economy: "Reserve Funds Almost zero."

Lietuvos Radijas ir Televizija

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Military spending, sanctions, and the depletion of reserve funds are becoming increasingly pressured on the Russian economy. In an interview with the Russian service LRT, the economist of the Citadelø Bank, Alexander Ezgodin, said that the effect of the multi-year fiscal stimulus in Russia is running out: the state spends last few reserves, cuts spending on civilian industries, and tries to contain the situation at a high key rate and the milita…