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 ...

TASS/. The Russian budget deficit is going down for the third year in succession and was 1.7% as of the end of 2024, Prime Minister Mikhail Mishustin said at the Cabinet meeting. "Now regarding ...

(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 narrowed to 1% of gross domestic product (GDP), or 2.17 trillion roubles ($25.5 billion), in the first quarter of 2025, compared to 1.3% of GDP in the ...

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 ...

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 ...

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

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 ...

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 ...