Telling signs. Russia’s Finance Ministry published a preliminary assessment of the country’s federal budget so far this year. According to its estimates, budget revenue from January to April declined by 22 percent (to 7.8 trillion rubles, or $101 billion) compared to the same period in 2022. Oil and gas revenue plummeted by 52 percent from […]
Daily Memo: Russian Budget Update
The country's federal budget deficit is growing fast.
