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The Moscow Times · Russia · Putin's SPIEF: 'no recession' as the war economy stalls and drones hit the showcase
Argues the Central Bank's ~16–17% rate is throttling civilian industry to contain war-driven inflation, forcing a choice between price stability and growth that the showcase forum cannot rhetoric away.
“Putin is battling inflation but sacrificing the economy: rates near 16% have frozen civilian industry to contain the war's price pressures.”