The West’s Three Major Miscalculations in Putin’s War on Ukraine
Russia’s economy runs on oil and gas. More than half of the Russian Federation’s annual budget is dependent on fluctuations in commodity prices.
Russia’s economy runs on oil and gas. More than half of the Russian Federation’s annual budget is dependent on fluctuations in commodity prices.
By James Hodson, Tania Babina, Tetyana Balyuk, Anastassia Fedyk, and Yuriy Gorodnichenko
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