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Russia’s regions went on a splurge last year, running a record combined budget deficit of around 1.48 trillion rubles ($19.22 billion) as spending continued to outpace revenue growth, the Kommersant b...

For years, analysts spoke of “Fortress Russia”—an economy insulated by vast reserves and conservative fiscal policy. Then, what began as a full-scale military…

MAGA conservatives love Viktor Orbán. But he’s left his country corrupt, stagnant, and impoverished.