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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
A recent plunge in oil prices, prompted by Donald Trump’s trade war, has started to deplete Vladimir Putin’s war chest.
Moscow’s budget — about a third of which comes from oil and gas — may be as much as 2.5 per cent lower than expected in 2025 if crude prices stay at current levels. That would force the Kremlin to increase borrowing, cut nonmilitary spending…
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