1 year, 9 months ago
Moscow will run out of money by…: Russian oligarch Deripaska amid Ukraine war
Hindustan TimesRussian billionaire Oleg Deripaska said Moscow is running out of money amid Vladimir Putin's Ukraine invasion and is likely to have no financial stability by 2024. If Russia receives investment from “friendly” countries, the impact of Western sanctions amid Ukraine war could be reduced, the oligarch added. Oleg Deripaska said that funds have been running low and “that’s why they’ve already begun to shake us down”, Bloomberg reported. “Sanctions and the war are constraining Russia’s fiscal flexibility … due to lower energy export revenues, higher war-related spending and a steady decline in GDP,” Scope stated, as per news agency Reuters.
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History of this topic
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