The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over ...

Russia ran a budget deficit of 3.2 trillion roubles ($39.59 billion), or 1.5% of gross domestic product, in the first four ...

"Contrary to Kremlin narratives, time is not on Russia’s side," reads a new report from the Stockholm Institute of Transition ...

The Russian government plans to increase personal income tax by 180%, corporate income tax by 110%, and VAT by 17%.

Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product (GDP) on Wednesday from 0 ...

Russian Finance Minister Anton Siluanov said Tuesday that the budget deficit will increase because of falling oil and natural ...

The Russian government plans to use its fiscal reserves for 447 billion rubles ($5.51 billion), or about one-tenth of its ...

But Russian officials have highlighted that the country's overall deficit was 2.09 trillion rubles (£19.2billion) less than during the same period last year. "According to the preliminary ...

The Russian Finance Ministry more than tripled its budget deficit target for this year after expectations for revenue and the ...

Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the Kremlin ...

MOSCOW (Reuters) -Russia ran a budget deficit of 3.2 trillion roubles ($39.59 billion), or 1.5% of gross domestic product, in the first four months of the year, the finance ministry said on ...