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Russia’s Budget Deficit Blows Past Annual Target in Just 7 Months

Officials blamed weaker oil and gas revenues, as well as “advance financing,” but analysts say the real driver is runaway war spending.

Russia’s Oil and Gas Revenues Plunge for Third Straight Month

The Finance Ministry now expects oil and gas revenues of just 8.32 trillion rubles ($104 billion) in 2025 — nearly a 25% cut.

Billions Spent, Nothing Built: The Deepwater Port in Sakhalin With Links to Russia's Elite

Four years after the government and Gazprombank pledged billions to build a strategic deepwater port on Sakhalin Island, there is not even a construction...

Russia Plans $800M Aid Package for Struggling Coal Industry

Under the plan, coal companies would be allowed to defer mineral extraction tax payments and certain insurance contributions until Nov. 30.

Does Russia's Economy Have a Debt Problem?

Record-high interest rates have led to warnings of a systemic banking crisis in the next 12 months. How realistic is that possibility?

Russia Ramps Up Borrowing as Oil Revenues Falter and War Spending Soars

By front-loading its borrowing, the Finance Ministry is building a fiscal buffer in case markets turn against it later this year, analysts said. But the...

Russia's Budget Deficit Up Fivefold Over 2024 – Finance Ministry

Some analysts warn that the budget situation is becoming increasingly critical.

Russia Triples 2025 Budget Deficit Forecast to 1.7% of GDP

This year’s projected deficit is the country’s second-largest in nominal terms since the pandemic year of 2020, when the gap reached $55 billion.

Russia Posts $5.4Bln Budget Surplus in March but Hard Landing Risks Increase

Analysts caution that the rising likelihood of a global recession increases the chances of a “hard landing” for the Russian economy due to falling...

No Signs Yet of Foreign Companies Seeking Russia Return – Finance Ministry

“We haven’t received any specific applications on this issue yet,” Deputy Finance Minister Ivan Chebeskov told Russian media.

Russia Seeks to Sell $1.2Bln in Seized Assets in 2025

Finance Minister Anton Siluanov said the government expects to earn at least $1.22 billion from asset sales this year.

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