Finance Ministry

Moscow prepares to sell 7.8% stake in Sovcomflot, Russia's largest state-owned tanker company

Russia's Federal Agency for State Property Management has launched a selection process for organizers to sell a 7.8% stake in Sovcomflot, Russia's largest shipping company and a major shadow fleet tanker operator, The Moscow Times reported on Nov. 4.

4 November, 04:11 PM

Ukraine's 2027 draft budget allots Ukrzaliznytsia $500 million, down from 2026

Ukraine's current draft state budget for 2027 provides about 22.5 billion hryvnias ($500 million) to support the operations of Ukrainian Railways, compared with 28.5 billion hryvnias ($633 million) in 2026 and 17 billion ($410 million) in 2025, Deputy Finance Minister Oleksandr Kava said on Oct. 23, according to Interfax-Ukraine.

23 October, 01:42 PM

Ukraine expected three times more financial aid from partners in 2026 – Finance Minister Marchenko

Ukraine received an average of $1.5 billion a month in budget support from international partners in 2026, far below the $4.5 billion expected, Finance Minister Serhiy Marchenko said, according to Ukrinform on Oct. 12.

12 October, 06:12 PM

Defense Ministry reassesses Ukraine's real military needs for 2027

Ukraine's Defense Ministry estimates defense spending will rise to $175 billion in 2027 from $155 billion in 2026, while the government's draft state budget currently provides $100 billion, First Deputy Finance Minister Roman Yermolychev said on Sept. 28, according to news agency Interfax-Ukraine.

28 September, 01:55 PM

Autostrada reveals UAH 15 billion debt that forced it to halt work

Ukraine owes Autostrada about UAH 15 billion ($360 million) for completed work, while the company hopes funding for key projects will resume, founder Maksym Shkil told Interfax-Ukraine on Sept. 21.

21 September, 01:53 PM

Ukraine faces $32.6 billion 2027 funding gap, minister warns

Next year, the Ukrainian state budget will be strained more than at any point since 2022, Finance Minister Sergii Marchenko said.

5 September, 12:37 AM

Ukraine to resubmit parcel tax bill tied to billions in EU and IMF aid

Ukraine’s Finance Ministry will resubmit a bill ending VAT exemptions on overseas parcels worth up to 150 euros because its passage is required for the country to receive billions in international financial assistance, Finance Minister Serhii Marchenko said, Ekonomichna Pravda reported.

3 September, 05:17 PM

Ukraine to insure gas stations against Russian war risks

Ukraine's Finance Ministry, together with representatives of the fuel industry, is developing mechanisms to insure gas stations against war risks, including the possible creation of a dedicated fund, Energy Minister Denys Shmyhal said during a government question session in the Ukrainian parliament on Aug. 21.

21 August, 06:37 PM

Cabinet expedites Sense Bank privatization

Ukraine’s Finance Ministry has been ordered to accelerate the sale of state-owned Sense Bank, with proceeds to be channeled into the military budget, PM Sergii Koretskyi announced on Aug. 20.

20 August, 11:49 PM

Russia sells record 44 tons of gold to plug budget gap while preserving yuan reserves

Russia's central bank has sold 43.5 metric tons of gold from its reserves since the start of 2026 to help cover a federal budget deficit that reached nearly 6 trillion rubles in the first half of the year on July 22.

22 July, 10:57 AM

Russia desperately scrambles to refill its National Wealth Fund with gold

To refill Putin's "piggy bank," the Russian Ministry of Finance will buy foreign currency and gold for the third consecutive month, The Moscow Times reported on July 3.

6 July, 12:30 PM

Ukraine’s public debt shrinks by more than $1 billion in one month

In May 2026, Ukraine’s total public and publicly guaranteed debt decreased by 19.96 billion hryvnias ($449 million) in hryvnia terms and by $1.33 billion in dollar terms, while increasing by 0.12 billion euros ($137 million) in euro terms.

3 July, 04:05 PM

Ukrainians invest record $3.12 billion in government bonds

As of May 4, individual Ukrainians had invested more than UAH137 billion ($3.12 billion) in government bonds, the Finance Ministry said on May 5.

5 May, 09:26 PM

Putin orders Rosstat to change metrics to make poverty appear lower

Russia will change how it measures income inequality, a move that could make disparities appear lower on paper, after inequality hit an 18-year high in 2025, The Moscow Times reported, citing a directive from Vladimir Putin on May 5.

5 May, 05:11 PM

Ukraine weighs VAT on low-value foreign parcels to support local retailers

Ukraine’s parliamentary tax committee has backed bill No. 15112-1, which would introduce value-added tax on foreign parcels worth less than €150 ($175). The Finance Ministry is now waiting for the bill to be considered by the Verkhovna Rada.

5 May, 01:45 PM

EU’s loan will not burden Ukraine’s public finances, ministry says

Kyiv will begin repaying the EU’s EUR90 billion ($105 billion) Ukraine Support Loan only after Russia pays war reparations, the Finance Ministry told Interfax-Ukraine news agency on April 30.

1 May, 02:38 AM

Russian savings now main funding source as sanctions bite

Household savings have become the main source of financing for Russia’s economy as sanctions shut Western capital markets to domestic companies, central bank chief Elvira Nabiullina said, The Moscow Times reported on Apr. 29.

29 April, 11:39 AM

Ukraine cannot match EU rail funding levels, deputy minister says

Ukraine will not be able to compete with European rail carriers in the coming years, and sustaining and developing its rail infrastructure under an EU-style model would require roughly UAH300 billion ($6.8 billion) a year, Deputy Finance Minister Oleksandr Kava said.

23 April, 09:55 PM

Ukraine’s public debt payments deferred until 2030

The Ukrainian government and international creditors have agreed to defer sovereign debt payments until 2030 to reduce pressure on the wartime budget, Ukraine’s Finance Ministry announced on April 17.

17 April, 07:53 PM

Major Russian clothing retailer closes 62 stores after Western brands exit market

One of Russia’s largest clothing and footwear retailers is rapidly scaling back operations, closing 62 stores in 2025, 2.6 times more than a year earlier, and cutting 15% of staff, The Moscow Times reported, with further closures planned in 2026.

30 March, 07:02 PM

Finance Ministry

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