Daily Memo: Russian Corporate Profits Tank, Protests in Georgia Resume

And a Russian national security official met with the security chief of Abkhazia.

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Russian economy. Profits at Russia’s medium and large firms fell by 45.4 percent in the second half of 2022 relative to a year ago, the worst drop since the first half of 2020. The hardest hit industries were wholesale and retail trade, followed by mining. More than half of Russian businesses say shortages of skilled […]

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