Russia's economy is facing pressure from a widening deficit and Ukrainian strikes, despite increased oil revenues from the Iran war, according to Al Jazeera analysis.
The analysis indicates that Russia's economic growth is forecast to slow to its weakest pace since 2022, with the budget deficit expanding and Ukrainian strikes reaching deeper into the economy. This strain is observed even as the US-Israel war on Iran has provided Russia with a windfall, driving up energy prices and boosting Moscow's revenues. The United States Senate has responded by backing tariffs of up to 100% on Russian energy buyers to counter this.
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