Russia’s oil exports hit a wartime record—its income didn’t
More tankers sail, but their Russian cargoes are worth less.
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Anton Siluanov
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Russia tells its regions to raise taxes on residents and businesses to plug a record budget hole
The combined regional gap grew fivefold from 2024 and almost eightfold from 2023, with the tax service now pressing governors to find more revenue.
Russia hit a record oil revenue month—yet the federal budget still came up short
Sberbank’s CFO forecasts the ruble will fall to 90 per dollar. Three ports already show 13–43% drops.