Russia ran a budget deficit of 3.2 trillion roubles ($39.6 billion), or 1.5% of gross domestic product, in the first four ...

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

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

The UK intelligence service has said that the sharp decline in oil prices threatens Russia's ability to finance its planned ...

MOSCOW (Reuters) -Russia's Finance Ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product (GDP) ...

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

The world’s major oil forecasting agencies have all cut their outlooks for oil demand in 2025, as Trump's tariffs on imports ...

World no. 3 Carlos Alcaraz will play in his first quarter-final at the Rome Masters. The young Spaniard faced Karen Khachanov ...

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

Russia had originally projected an additional 1.8 trillion rubles in oil and gas revenue would be funneled into the wellbeing ...