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Putin Says Russia Has “No Limitations” On Military Spending

RUSSIA
  • Speaking yesterday, President Putin said Russia has “no limitations” on military spending for the war in Ukraine, as he urged the army to deliver on his declared goals with the invasion approaching its 11th month, Bloomberg report. Furthermore, Russia should expand its armed forces to 1.5 million troops from the current 1.15 million to ensure its security, Defense Minister Shoigu told Putin.
  • Domestic news flow is light otherwise heading into the end of the week.
  • President Putin will hold a State Council meeting later this afternoon. Data-wise, Gold and FX reserve data will be released by the Bank of Russia (Prior. $576.5b).

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