Heavy Economic Cost Of Putin's War On Russia Likely To 'Intensify' In Coming Months, UK Says

Russian President Vladimir Putin faces mounting financial pressure as the invasion of Ukraine continues, with Western sanctions and a depleted labour force straining the economy. The Central Bank of Russia’s interest rate has risen to 21%, the highest since the conflict began, leading to increased costs of debt for businesses. Inflation is expected to reach 8.5% this year and intensify in 2025 as government spending on defense rises, exacerbating trade-offs between controlling inflation and supporting economic growth.

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