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Russia Budget: Russia to make...

An adjustment to Russia's budget rule...

Russia Budget: Russia to make extra $17.7 billion in energy revenues available to budget next year

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...

Karl Jörg - September 25, 2023

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Russia Budget: Russia...

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...

Karl Jörg - September 25, 2023

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