: :inin Kyiv (EET)

As oil falls, Russia choked by military, social spending


Russian authorities are facing some unpalatable options as they try to keep the economy afloat – unless they can persuade President Vladimir Putin to curb massive military spending.Russia says ruble crisis over as reserves dive, inflation climbsPutin: ‘Nobody will manage to intimidate, to restrain us’Ruble sinks to 80 a dollar defying surprise Russia rate increaseRussia defends ruble with biggest rate rise since 1998Russia would react if U.S. imposes new sanctions: ministerUkraine cheers US vote for military aid, Russia outraged …read more

Source: Thanh Nien News

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