The Russian economy and the Russian ruble have not collapsed during the three years of the war in Ukraine despite crippling Western sanctions. However, authorities in Moscow are not hiding the fact that the country’s economy is overheated due to rising defense spending and high inflation, while interest rates are at an all-time record of 21%. 

Experts say that the U.S.-Russia talks to end the war in Ukraine could be an opportunity for Moscow to prevent more severe economic consequences. 

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