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By Ben Aris in Berlin This time last year and a cheer went up from amongst Ukraine’s supporters. The twin oil sanctions were moving into place and it looked like they were going to work as Russia’s oil revenue collapsed, down by 46% year on year, and the federal budget deficit blew out to unprecedented proportions. The Russian budget had been reporting surpluses for eleven months in a row in 2022, but collapsed completely that December, ending the year RUB3.3 trillion in deficit, or 2.3% of GDP after the state was hit with a massive RUB3.9 trillion of spending obligations. The Russian budget a…

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