Though government spending usually stimulates growth, non-regenerative spending on missiles at the expense of civilian sectors has caused overheating to the extent that interest rates at 21% are slowing corporate investment and inflation cannot be tamed.
Three years into the conflict, Putin has shown the world he doesn’t care about bloodshed.
In power in Moscow for 25 years, Russian President Vladimir Putin is taking his time to gauge his US counterpart Donald Trump and respond to his proposals for a rapid agreement in Ukraine.