Page 2 - Sofya Donets News Today

Policymakers on Friday lifted the benchmark for a fourth straight time, bringing it to 15% from 13%.

Russia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and economic assumptions fall short, according to analysts. The countrys budget plans project Brent crude prices averaging $85 per barrel next year, but there are concerns the Urals price could fall below $60 in 2024-2026.

Russia could miss its 2024 revenue target and be forced to hike business taxes if the rouble proves stronger than expected in the budget and optimistic economic assumptions fall short, analysts...

Defence spending will account for almost one third of Russias total budget expenditure in 2024, the governments draft plans show, as Moscow diverts ever more resources towards prosecuting its... -October 02, 2023 at 11:24 am EDT - MarketScreener

Vladimir Putin will be unable to protect citizens from the pain

Fast-rising prices are a worry for the government, which has sought to shield Russians from the impact of the war and sanctions

Russia imposed an emergency interest rate hike and said another was possible as it tried to stem a plunge in the rouble.

Russia’s currency has lost about 25 per cent of its value this year and weakened past 100 roubles to the dollar in early trading on Monday.

The Russian ruble’s slide past 100 against the dollar has exposed a multi-billion dollar dilemma at the heart of the Russian economy: how can the Kremlin carry on funding its war against Ukraine without triggering a surge in inflation and fresh fears of an economic crisis at home?

In central Moscow, retired businessman Igor Inkin is preparing to turn down simple pleasures like dessert as the value of the ruble in his pocket