Russian budget

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

Ukraine reports over 3,100 Russian tanks destroyed in 2024

Since the beginning of 2024, Ukraine’s Defense Forces have destroyed or disabled 3,179 Russian tanks, according to a report from the Ukrainian Defense Ministry on Tuesday, Nov. 5.

5 November 2024, 05:18 PM

Russian budget