Finance Ministry

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 proposes tighter VAT rules for small business

Ukraine’s Finance Ministry has published a wide-ranging tax bill that would require many small businesses to register for value-added tax and introduce new tax rules for imports, digital platforms, and a continued military levy, the ministry said in a message on its website on March 19.

20 March, 07:37 PM

Ukraine gets $691 million World Bank grant from frozen Russian assets

Ukraine’s Finance Ministry and the World Bank signed a $690.8 million grant agreement under the PEACE project, the ministry said on Feb. 6.

7 February, 03:42 AM

Russia increases gold shipments to China ninefold

Russia increased its gold shipments to China ninefold in 2025 compared with 2024, exporting 25.3 metric tons worth $3.29 billion, The Moscow Times reported on Jan. 26.

26 January, 11:39 AM

Ukraine secures major debt relief deal

Ukraine has successfully completed and settled the restructuring of its GDP warrants, with the deal supported by 99.06% of investors, the Finance Ministry announced on Dec. 24.

25 December 2025, 11:18 AM

Financial oversight body warns against hiking bank tax

Ukraine’s interagency Financial Stability Council concluded that raising the corporate profit tax for banks to 50 percent in 2026 poses significant risks to the financial system and key economic sectors, and could yield far smaller revenues than projected.

5 November 2025, 10:37 PM

Ukraine’s public debt nears $200 billion

As of September 30, 2025, Ukraine’s state and state-guaranteed debt reached UAH 8.02 trillion ($194.2 billion), the Finance Ministry reported on Oct. 30.

31 October 2025, 10:43 AM

Rakhmanin explains why Ukraine’s defense budget is always smaller than what the military actually needs

Ukrainian lawmaker Serhiy Rakhmanin of the Holos party, a member of parliament’s national security, defense, and intelligence committee, explained in an interview with Radio NV why Ukraine’s defense budget is always smaller than the military needs on Oct. 13.

13 October 2025, 03:16 PM

Ukraine secures $30.6B in external funding, shortfall remains for 2025

Ukraine has received $30.6 billion in external financing over 2025, and expects an additional $8.7 billion by the year's end, Finance Ministry wrote on Sept. 20.

22 September 2025, 12:37 PM

Ukraine eyeing 2025 budget boost for defense needs

Ukraine’s Cabinet will submit further amendments to the 2025 state budget to increase defense and security spending due to the frontline situation, Finance Minister Sergii Marchenko said during the government's question hour in the parliament on Sept. 19.

19 September 2025, 06:15 PM

Finance Ministry

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