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Measures on eve of second anniversary of Ukraine invasion target war effort and attempts to get round oil cap rules
Weak enforcement has come at the expense of — perhaps — a faster end to the war
Moscow is exploiting a possibility that liberal market democracies ignore
Also in this newsletter: Europe’s farmer protests head to Rome
Failing Soviet utilities are in dire need of investment but the Kremlin is focused on defence spending
Heavy public spending on defence has led to a rebound in growth but could also be storing up problems for the near future
Agency helping refugees could halt its operations in weeks after funding was withdrawn over claims staff took part in Hamas attack
Households took on subsidised mortgages and deals with groups leaving the country rose, according to central bank
New 2024 forecast of 2.6% rise doubles previous prediction and prompts questions over sanctions against Moscow
Anyone helping Russia’s military industrial complex will face severe consequences
Tackling cost of eggs and putting western company exits on hold among measures aimed at containing surging prices
Country’s GDP would be more than 5% bigger if Moscow had not invaded its neighbour, Treasury department finds
EU toughens measures on illegal shipments of Russian oil
US stocks and bonds jump after inflation falls to 3.2%
Extra spending highlights ballooning cost of Vladimir Putin’s war in Ukraine
Busy armaments factories are depriving other industries of scarce workers
Confiscating and deploying them for Ukraine’s benefit is the morally obvious next step
Restrictions on foreign currency transactions are aimed at shoring up rouble
More than 800,000 people fled Russia after last year’s invasion of Ukraine. Now, some have changed their minds
Decree from Vladimir Putin will force exporters to sell some of their foreign currency revenues for roubles
One-off budget revenues to go up in 2024 as Moscow’s defence spending has tripled
Currency extends losses as sanctions weigh on export revenues
Metals oligarch tells FT of his ‘surprise’ at performance of economy in wake of invasion of Ukraine
Kremlin cites boosting ‘defence potential’ and integrating new regions for raising draft budget to $383bn
Businesses from ‘unfriendly’ countries have amassed more than $18bn in earnings since the start of the invasion of Ukraine
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