Russia News News Russia » Finance: Russia's budget deficit to exceed forecasts by almost US$13 billion – Reuters
Russia’s budget deficit is set to increase by RUB 1 trillion compared to official forecasts, driven by rising war-related spending in Ukraine.
News Russia » Finance: Russia’s Economy Is Slowly Sinking
Russia's economy is not doing well. It dealing with shortages, inflation and huge spending costs. And the US is about to implement much tougher sanctions.
News Russia » Finance: The oil price spike won't fix Russia's strained finances, an analyst says
Rising oil prices usually boost Russia's budget. But sanctions, discounts, and a strong ruble are limiting the benefit.
News Russia » Finance: Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
The intelligence report estimated that 10% of Russia's corporate loans may not be repaid, while 15% of retail loans at some top banks may be non-performing.
News Russia » Finance: Exclusive-Russia Plans to Issue Debut Sovereign Yuan-Denominated Bonds, Sources Say
MOSCOW (Reuters) -Russia is planning to issue its debut yuan-denominated bond on the local market this year, sources told Reuters, offering an investment option for the vast amounts of yuan liquidity ...
News Russia » Finance: Russian Finance Minister Warns of Regional Budgets' Strains, Rising Debt
MOSCOW, April 27 (Reuters) - The combined deficit of Russian regional budgets will grow by 27% to 1.9 trillion roubles ($25.4 billion) in 2026, largely due to lower corporate profit tax revenues ...
News Russia » Finance: Russia is still exporting plenty of oil — but earning far less to fund its war on Ukraine
Russia's oil export revenues, measured in rubles, have plunged 50% this year, according to Goldman Sachs.
News Russia » Finance: Russia's economy is creaking — and the Kremlin wants Russians to pay more for the war
The Kremlin's commitment to the Ukraine war was in focus this week after the Finance Ministry released its 2026 draft budget. Draft spending plans show defense expenditures next year will stay largely ...
News Russia » Finance: Russia 'is heading for "financial disaster" and will struggle to finance its war with Ukraine
Russia is facing financial disaster despite a windfall in oil revenues, an intelligence expert has warned. President Vladimir Putin recently admitted Russia's economy was performing below his ...
News Russia » Finance: Russian finance ministry proposes raising VAT to help fund Ukraine war
MOSCOW (Reuters) -Russia's finance ministry proposed raising the rate of value-added tax on Wednesday to 22% from 20% in 2026 to fund military spending and help curb a swelling budget deficit, in what ...
News Russia » Finance: Ukraine targets Russian crypto, virtual assets in updated sanctions against Moscow's finance sector
Ukraine has updated its sanctions against the Russian financial sector, curbing Moscow's ability to evade sanctions via modern technology, according to a decree signed by President Volodymyr Zelensky ...