Nation
Oil slump, debt crisis shake Kremlin ahead of Trump summit
Falling oil revenues, the largest budget deficit in more than three decades, painfully high inflation and interest rates, and a looming debt crisis are stalling Russia’s war economy, creating a tense backdrop for Russian dictator Vladimir Putin ahead of the Alaska summit with U.S. President Donald Trump, Bloomberg reported on Aug. 14.
14 August 2025, 01:47 PM