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Story summary
- Vladimir Putin, President of Russia, faces economic strain as oil revenue falls nearly 25% in 2025 due to increased global supplies and Western sanctions.
- The Kremlin is imposing tax hikes and deficit spending to manage the financial strain.
- Trilateral negotiations with Ukraine and the United States are scheduled for February 1 in Abu Dhabi.
- Economists warn the Russian public will shoulder a war costing over $170 billion annually.
