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Putin Has Run Out of Moves

Even with the Russian economy suffering from low growth, high inflation, and relentless Ukrainian long-range drone strikes on energy infrastructure, President Vladimir Putin has thrown fiscal caution to the wind and allowed the government’s budget deficit to balloon to 2.8% of GDP. It isn’t likely to end well.

Bias Distribution

  • 100% of the sources lean Left
100% Left

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Project Syndicate broke the news in Prague, Czechia on Tuesday, August 18, 2026.
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