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The Fitch ratings agency has estimated that President-elect Vladimir Putin's pledges will cost about $160 billion over six years, while state-owned Sberbank has put the figure even higher at $173 billion.

The Fitch ratings agency has estimated that President-elect Vladimir Putin's pledges will cost about $160 billion over six years, while state-owned Sberbank has put the figure even higher at $173 billion.

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