fromFortune
2 weeks agoRussian officials are warning Putin that a financial crisis could arrive this summer, report says, while his war on Ukraine becomes too big to fail | Fortune
They pointed to weak oil revenue, which crashed by 50% in January from a year earlier, and a budget deficit that continues to widen, even after Putin hiked taxes on consumers. A Moscow business executive also told the Post that the crisis could arrive in "three or four months" amid spiraling inflation, adding that restaurants have been closing and thousands of workers are getting laid off.
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