Russian budget

Kremlin on track to spend $199 billion on Ukraine war in 2026

Russia’s spending on its war against Ukraine in 2026 will likely reach a record level, approaching RUB17 trillion ($199 billion), Bloomberg reported on Oct. 7, citing sources close to the Russian government.

7 October, 11:56 PM

Russia's invasion of Ukraine on track to be one of the most expensive wars of the century

Russia's invasion of Ukraine is on track to become one of the most expensive conflicts of the 21st century, The Moscow Times reported on October 2.

5 October, 09:41 AM

Russia plans record $202.6B defense spending in 2027 — Reuters

Russia is preparing to allocate 17.1 trillion rubles ($202.58B) to national defense in 2027, marking a 27% surge above baseline projections initially approved by the government, Reuters wrote, citing Russian Ministry of Finance documents.

29 September, 12:33 PM

Ukraine must pursue asymmetric warfare as Russia’s military budget still twice as large, Zelenskyy says

Given that Russia still dwarfs Ukraine in terms of resources available to continue fighting, Kyiv must focus on long-range strikes to degrade Russian revenues and industrial capacity, President Volodymyr Zelenskyy said on Aug. 24.

24 August, 08:36 PM

Russia's oil and gas revenue rises sharply in July

Russia's federal budget revenue from oil and gas rose 18.6% in July 2026 compared with July 2025, reaching 934 million rubles ($11.5 million) — also up 36.6% from June — driven by high oil prices and the payment of a windfall profit tax for the second quarter, The Moscow Times reported on Aug. 5.

6 August, 05:20 PM

Russia using budget to ease oil firms' losses from Ukrainian strikes

Russian authorities are attempting to ease the financial difficulties of Russian oil companies by compensating them from the federal budget for losses stemming from Ukrainian strikes on refining facilities, the U.S.-based Institute for the Study of War (ISW) said in its July 21 report.

22 July, 11:18 AM

Kremlin's top state bank begins mass layoffs despite billions in state bailouts

Russia's key state development bank, VEB.RF, will reduce its budget and lay off 15% of its workforce by 2027, the bank's head Igor Shuvalov announced, The Moscow Times reported on June 3.

3 June, 01:27 PM

Ukraine obtained Russian documents assessing wartime losses

Ukraine’s Foreign Intelligence Service has obtained new Russian documents assessing the losses suffered by Russia because of the war, President Volodymyr Zelenskyy said on May 18.

18 May, 06:00 PM

Russia’s oil revenues surge after Middle East escalation

Russia’s federal budget revenues from oil and gas rose 38.7% in April 2026 compared with March, increasing by 239 billion rubles to 855.6 billion rubles ($10.9 billion), driven by a sharp rise in global oil prices linked to the war in the Middle East, The Moscow Times reported on May 6.

6 May, 01:54 PM

Putin seeks to shift budget deficit burden to Russia’s poorest regions

Russian President Vladimir Putin has signed a law to create a sixth gambling zone in the country as the government looks for new revenue sources amid $109B budget deficit, the Moscow Times wrote on May 3.

4 May, 10:53 AM

Russian oil revenue to double in April — Reuters

As global energy prices are spiking due to the Iran war, Russia’s oil export revenues could double to about RUB700 billion ($9 billion) in April, Reuters reported on April 9, citing its own calculations.

9 April, 07:54 PM

Russia cuts $25 billion in spending to plug deficit gap

Moscow is preparing to cut up to RUB2 trillion ($25 billion) from federal and regional budgets (0.8% of GDP) to try and tame the ballooning state budget deficit, Bloomberg reported on March 12, citing sources.

12 March, 10:28 PM

With ballooning military pay costs, Russian regions slash local budgets

Regional authorities across Russia are slashing budgets, primarily targeting social spending, as a revenue crisis grips two-thirds of the country’s federal subjects, independent Russian newspaper The Moscow Times reported on Oct. 30.

31 October 2025, 02:38 AM

Russia raises propaganda funding by 54% in 2026 budget — Ukraine’s MFA

Russia boosts 2026 propaganda funding by 54% despite military cuts, while Ukraine bolsters its information resilience, Ukrainian Ministry of Foreign Affairs reported on Oct. 19.

20 October 2025, 10:04 AM

Russia cuts soldiers’ benefits while boosting propaganda in 2026 - ISW

Russia plans to cut military spending and reduce payments to soldiers’ families in 2026, while sharply increasing funding for state propaganda, the Institute for the Study of War (ISW) reported on Sept. 29.

30 September 2025, 09:45 AM

Russia’s war spending set new record despite secrecy

Russia’s military budget expenditures in the first half of 2025 hit a new all-time high — 8.48 trillion rubles ($105.5 billion), The Moscow Times wrote on Aug. 27.

28 August 2025, 12:20 PM

Russian general accused of stealing for personal construction

Russian General Pavel Popov, responsible for military “innovations,” has been accused of embezzling funds to build a sauna and garage, The Moscow Times reported on July 8.

8 July 2025, 07:43 PM

Banking and energy sanctions cripple Putin’s war budget - Zelenskyy

Sanctions against Russia’s banking and energy sectors would deal the greatest blow to its economy, President Volodymyr Zelenskyy said, Ukrinform wrote on June 21.

23 June 2025, 02:43 PM

Russian oil price crashes 40% below budget target

The price of Russian oil in rubles has plunged to a two-year low, falling below 4,000 rubles per barrel and 40% below the level projected in the federal budget — deepening pressure on the Kremlin as it faces a widening fiscal deficit, Reuters reported.

6 May 2025, 03:30 PM

Russia’s oil and gas revenues plummet, budget shortfall reaches billions

Russia's federal budget revenues from oil and gas decreased by 18.4% (174 billion rubles or $1.95 billion) compared to February 2024, totaling 771.3 billion rubles ($8.64 billion), the Moscow Times business outlet reported on March 5.

5 March 2025, 02:02 PM

Russian budget

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