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Russia faces economic pressures from widening deficits and strikes despite oil boost

Al Jazeera · first seen 12.08.2026

Russia's economy is facing strain from widening fiscal deficits and Ukrainian strikes, even as Middle East conflict boosts oil revenues.

  • Widening deficits and Ukrainian strikes are testing the Russian economy.
  • The war in the Middle East is providing an oil revenue windfall for Russia.

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