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Russia is Breaking - Joe Blogs
Russia has submitted its new 2026–2028 budget — and it reveals just how much pressure the economy is now under. The Kremlin plans to raise taxes, cut civilian spending, and keep defense and security at record levels.
In this video, I explain:
• How much Russia plans to spend on its military
• Why growth is falling sharply
• The new VAT increase and its impact on inflation
• Declining oil and gas revenues
• Why Russia could be heading for a decade of stagnation
Chapters:
0:00 Intro
0:53 2026 BUDGET
4:35 GROWTH
7:59 CHALLENGES
11:41 SUMMARY & CONCLUSION