Russia has tripled its projected budget deficit for 2025 amid a sharp drop in oil revenues, driven by Western sanctions and ...

The reasons are cheap oil and a strengthening ruble, which together lead to a nearly 25% drop in oil and gas revenues—a loss ...

(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 ...

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 ...

While Russia seems reluctant to pursue peace now, increasing economic and military pressures at home — ranging from supplies ...

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 ...

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 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 ...