Putin’s War Budget Faces Growing Strains as Peace Talks Resume
President Vladimir Putin faces a narrowing window to reach a peace deal in Ukraine as Russia wrestles with a widening budget gap to fund its war.With Kremlin envoy Kirill Dmitriev set to hold talks with US officials in Miami Saturday, Russian officials are concerned that budget spending this year will again exceed planned levels if additional outlays on the war are needed, according to people familiar with the matter. They’re scrambling to find new sources of income of as much as 1.2 trillion rubles ($16 billion) to balance a key budget indicator.
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