Russia has tripled its budget deficit forecast for 2025, primarily due to falling oil prices. The Kremlin does not plan to cut defense spending. The Russian finance minister announced that support for ...

Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product (GDP) on Wednesday from 0.5% after reducing the energy revenues forecast by 24% due to expectations ...

Russia ran a budget deficit of 3.2 trillion roubles ($39.6 billion), or 1.5% of gross domestic product, in the first four months of the year, the finance ministry said on Wednesday, citing preliminary ...

(Reuters) -Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both spending and revenue rising sharply ...

The Russian economy is continuing to tank as it hemorrhages money trying to maintain Vladimir Putin's war effort against Ukraine. In 2024, the country's deficit was in excess of three trillion ...

MOSCOW (Reuters) -Russia's budget deficit is projected to be 1.5% of gross domestic product (GDP) in 2025, three times the government's target, as the country prepares for a prolonged period of ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

MOSCOW (Reuters) - Russia's fiscal deficit jumped 14-fold in January due to a 73.6% increase in spending at the start of the year, reaching 1.7 trillion roubles ($17.73 billion) or 0.8% of national ...

The UK intelligence service has said that the sharp decline in oil prices threatens Russia's ability to finance its planned ...

was perhaps less the situation at the front line and more the nationwide deficit of air defense, missile defense, versus the growing threat posed by the Russian strike campaign. Over the course of ...

MOSCOW (Reuters) - Russia's fiscal deficit jumped 14-fold in January due to a 73.6% increase in spending at the start of the year, reaching 1.7 trillion roubles ($17.73 billion) or 0.8% of ...

MOSCOW (Reuters) -Russia’s budget deficit is projected to be 1.5% of gross domestic product (GDP) in 2025, three times the government’s target, as the country prepares for a prolonged period ...