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Russia's Economy Struggles Amid Military Spending and Sanctions

1/9/2025

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Summary

Story summary

Russia's economy, fueled by oil and gas revenues, grapples with slowing growth and rising inflation. With over 40% of its budget funneled into military spending, social services are left wanting. Meanwhile, the Kremlin eyes AI partnerships with China, striving to keep pace with the U.S. despite crippling sanctions on its tech sector.

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Story summary

Russia's economy, fueled by oil and gas revenues, grapples with slowing growth and rising inflation. With over 40% of its budget funneled into military spending, social services are left wanting. Meanwhile, the Kremlin eyes AI partnerships with China, striving to keep pace with the U.S. despite crippling sanctions on its tech sector.