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As Russian National Deficit Grows, Government Seeks To Persuade Citizens To Voluntarily Extend It Long-Term Credit

Russian news agency Interfax reported that based on preliminary data, Russia's federal budget had exceeded the 4 trillion-ruble mark as of March 28, 2023. [1]In other words, in just three months, the deficit has already exceeded the amount approved in the budget law for all of 2023.
Sakha Yakutiya Andrey Belousov Elvira Nabiullina Ksenia Bondarenko Olga Belenkaya Anton Siluanov
Source: memri.org

Leading Russian Economist Nikolayev: Russia Burning Through Its Finances At Alarming Rate, May Soon Have To Take Money From Citizens

Igor Nikolayev, Head Researcher at the Institute of Economics of the Russian Academy of Sciences, looks at the publicly available budget figures (many previously available publications have gone dark ostensibly to combat the Western sanctions) and extrapolates from the January figures that the 2023 deficit will be massive. While the money squirreled away in the National Wealth
Igor Nikolayev National Economy Tax Service Customs Service Russian Urals Oil National Wealth Fund
Source: memri.org

Steep Decline In Price Of Russian Urals Oil Will Push Russia's Budget Deeper Into The Red

On January 16, 2023, Russia's Ministry of Finance reported that the average cost per barrel of Urals oil from December 15, 2022 to January 14, 2023 was $46.82 โ€“ a fall to a two-year low due to discounts and the strengthening of the ruble. The ministry said that these factors can largely influence the formation of the Russian budget. At this time, the cost of oil in rubles is
Black Sea Oceans General Baltic Sea Ivan Yakunin Andrey Kochetkov Igor Nikolayev
Source: memri.org

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Russia pounds Ukraine as Kyiv rejects 'ultimatums'

KYIV โ€” Russian forces shelled several Ukrainian cities on Wednesday as troops battled in the streets of Kharkiv and Ukraine's president accused Moscow of wanting to "erase our country".Russia also said it had captured the Black Sea port of Kherson on the seventh day of Moscow's invasion, while Russian artillery massed outside the capital Kyiv, raising fears of an imminent
Black Sea Oceans General Khersons Ka Oblast Crimean Peninsula Avtonomna Respublika Kharkivs Ka Oblast

Russia pounds Ukraine as Kyiv rejects 'ultimatums'

KYIV โ€” Russian forces shelled several Ukrainian cities on Wednesday as troops battled in the streets of Kharkiv and Ukraine's president accused Moscow of wanting to "erase our country".Russia also said it had captured the Black Sea port of Kherson on the seventh day of Moscow's invasion, while Russian artillery massed outside the capital Kyiv, raising fears of an imminent
Black Sea Oceans General Khersons Ka Oblast Crimean Peninsula Avtonomna Respublika Kharkivs Ka Oblast

Alarm at civilian toll on Russian assault's 'cruellest day'

KYIV: The United States raised the alarm Wednesday over the โ€œstaggeringโ€ human cost of Moscowโ€™s invasion of Ukraine, as the apparent deployment of cluster bombs and other treaty-violating weapons raised fears of a brutal escalation in the week-old conflict. The American warnings came as Russia revealed 498 of its troops had been killed in the assault on ex-Soviet Ukraine โ€” the
Black Sea Oceans General United States Khersons Ka Oblast United Kingdom Zhytomyrs Ka Oblast

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