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 ran a budget deficit of 3.2 trillion roubles ($39.59 billion), or 1.5% of gross domestic product, in the first four months of the year, the finance ministry said on Wednesday, citing ...

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 ...

Vladimir Putin is facing an economic nightmare as Russia's positive balance of payments - the total income of money from ...

ANDREI YAKOVLEV is an Associate at Harvard University’s Davis Center for Russian and Eurasian Studies and a Visiting Research ...

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 ...

(Bloomberg) — The Russian Finance Ministry more than tripled its budget deficit target for this year after expectations for revenue and the price of oil were reduced amid US President Donald Trump’s ...

Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than planned in the federal budget, data showed, piling pressure on the Kremlin, ...

Russia's oil export revenues fell to their lowest level in nearly two years in April due to plunging oil prices, leading to budget shortfalls and a steep revision of revenue forecasts.