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- cross-posted to:
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The Financial Times writes about this, noting that by the end of 2023, industrial production increased in almost 60% of the regions of the Russian Federation. At the same time, the unemployment rate dropped to a record level, and enterprises began to raise wages in order to attract and retain employees.
The reason is the growth of government orders for weapons, fuel, food and clothing for the army, which “pour huge amounts of money into the economy,” the authors write. This led to a “boom” where the West wanted to deal the most painful blow with its sanctions.
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