Mārtiņš Vaivars (@martinsvaivars.bsky.social)

The Central Bank governor disappears... the economy in free fall... For almost two decades, fiscal restraint was one of the Kremlin’s proudest boasts—low debt, a balanced budget averaged over the period, a sovereign wealth fund and an internationally respected economics team. Those virtues were

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Putin’s system is in a state of slow implosion Look to the erosion of fiscal discipline to see where the problems lie https://www.ft.com/content/93d36f56-d950-46ea-a20c-02cdb1a2e672