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US Politics

Russian economy strains could push Putin toward peace talks

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Summary
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78% Informative

The Russian economy, valued at $2.2 trillion , had shown remarkable resilience under wartime conditions until recently.

However, in recent months , the economic situation has become strained due to labor shortages and high interest rates introduced to combat inflation.

Russia 's GDP grew faster than that of the European Union and the United States in 2023 and 2024 .