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Tuesday, June 18, 2024

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

By DAVID MCHUGH, AP

The Russian ruble’s wobble in value has exposed a crack in President Vladimir Putin’s fortress economy, a vulnerability quickly plastered over by the Kremlin’s economic team in a move that allowed the currency to regain its footing, at least for now.

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