Tag: darya korsunskaya

An adjustment to Russia's budget rule next year will make an extra 1.7 trillion roubles ($17.72 billion) available in spending from oil and gas revenues, according to draft outlines for Russia's budget over the next three-year period. After invading Ukraine in February 2022, Russia suspended its budget rule and introduced a version in 2023 allowing it to spend more and save less in its National Wealth Fund (NWF). At a government meeting on Friday, Finance Minister Anton Siluanov said Russia would return to following its budget rule in...