Is Russia’s economy at risk as oil revenues shrink?

Russia’s war economy has been fueled by its military spending, despite sanctions from the West. The budget deficit is growing, energy revenues are declining, and growth is stalling after three years of the Ukrainian conflict.

Russia is increasing the value-added tax, among other measures, from 20% to 22%, to help the state’s finances. According to the Ministry of Finance, the funds will primarily be used to pay for defense and security expenses.

The plan was announced a day after Donald Trump claimed Russia was in “big economic trouble” but is it real?

Can the Labour Party of the UK fulfill its economic commitments?