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RUSSIA BUDGET DEFICIT
Trump’s war means higher global interest rates for years to comeGlobal interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a pe...- RBI MPC: A challenge Shaktikanta Das contained may be resurfacing againIndia's central bank, the RBI, confronts a new inflation challenge. Rising oil prices and supply disruptions threaten to undo recent progre...
- A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine printIndia’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route ...
- Russian spies are aggressively seeking Western technology as sanctions bite, officials sayRussia's intelligence agencies are aggressively seeking Western technology and defense secrets to bolster its war economy, employing fake c...
- RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya BanerjeeThe Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...
- Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cashOil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barre...
- Despite Trump's pressure, Cuba may not turn out like VenezuelaThe U.S. is increasing pressure on Cuba, but unlike Venezuela, the island nation lacks a clear opposition leader or succession plan. Cuba's...
- After winning poll battles, Modi has picked up a new fightAmidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel c...
- What made Putin sell 22,000 kg gold from Russia this year?Russia’s central bank has sold 21.8 tonnes or 22,000 kilograms of gold so far in 2026 to help fund the country’s widening budget deficit, w...
- Russia cuts oil output in April, sources sayRussian oil output saw a significant drop in April. Ukrainian drone attacks on key ports and refineries forced Russia to cut production. Th...
- Iran war doubles Russia's main oil revenue to $9 billion in AprilIn a remarkable twist for Russia's economy, oil tax revenues are projected to soar to $9 billion by April, doubling amidst the turbulent gl...
- Russia sells gold bars for first time in 25 years to fund budget deficit amid high military spending: ReportRussia has sold physical gold from its central bank reserves for the first time in 25 years to address a widening budget deficit fueled by ...
- Russia prepares 10% cut to 'non-sensitive' spending in 2026, sources sayAs economic challenges mount, the Russian government is deliberating on a significant 10% cut to discretionary spending. The viability of t...
- Iran-fuelled oil price rally is not enough to balance Russia's budgetGlobal oil prices have surged following strikes on Iran, reaching their highest point since July 2024. However, this price increase is not ...
- Russia's optimistic fiscal plans risk budget revenue shortfallRussia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and econo...
- Russia plans 26% rise in budget spending in 2024Moscow is spending heavily on its armed forces as it prosecutes what it calls a "special military operation" in Ukraine, and social spendin...
- Russia's budget deficit narrows to $28 billion as June spending dropsRussia's budget deficit for the first half of the year stood at 2.6 trillion roubles ($28.26 billion), narrowing sharply in June as spendin...
- Putin signs law setting discount on Urals crude oil for tax calculationsThe law, passed by parliament last week, changes the oil price assumptions that Moscow uses to calculate its multi-billion rouble tax levy ...
- Russia sees 2015 federal deficit at 3% of GDP, below earlier forecastIt said the new deficit forecast was contained in amendments to the 2015-2017 three-year budget that were approved by the government.
- Russia faces first budget deficit in a decadeRussia is facing first budget deficit in a decade in 2009 and would make up for the shortfall with money from the Reserve Fund.
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