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Putin Budgets for More War as Russia’s Regions Ready for Less

Wednesday 4 November 2026 The State Duma approved the budget proposal at first reading on 29 October. It provides for expenditure of 48.7 trillion rubles (about €540 billion) and a deficit equivalent to 2.2% of gross domestic product. The budget assumes 4% inflation in 2027. Duma Speaker Vyacheslav…

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Labor markets, minimum wage, entrepreneurship, and industrial policy tools.

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