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Ukraine's conflict escalation may cost Russians 1/5 of incomes — ex-finance minister

A new round of confrontation might boost military spending on both sides given that Russia’s military budget is ten times smaller than that of NATO member states, Alexei Kudrin said

MOSCOW, July 22. /ITAR-TASS/. Further escalation of the conflict in eastern Ukraine and western economic sanctions may cost Russians as much as one-fifth of their income, Russia's former finance minister, Alexei Kudrin, said Tuesday.