News Snapshot:
Russia's budget surplus more than halved last month in a sign of the impact Vladimir Putin's invasion of Ukraine is having on his country's public finances. Preliminary data from Russia's Finance Ministry showed that the country's fiscal surplus shrank to 55 billion rubles ($860 million) in the first nine months of the year, down from 137 billion roubles ($2.15 billion), Bloomberg reported. Public finances have been strained as the Russian government supports the economy during a recession and spends more to meet the needs of the military, the financial news outlet reported. Expenditures in 2022 have surged by 19 percent...
