Russia’s oil money is drying up—so its own people are paying for the war
Fresh figures show the Iran oil windfall came and went—and Russia, further behind than before, is now reaching for pensions and paychecks.
Browsing Tag
Russian budget deficit
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Russia’s war economy is starving its own strategic projects
Russia’s top arms maker can’t afford to build its own garbage incinerators.
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’s Central Bank scolded live on TV—Iran war oil keeps funding the war anyway
Intelligence agencies say Moscow hides the damage; oil pays for the war.
Russia’s 20% windfall tax breaks Putin’s promise—again
Oligarchs offered donations. Moscow chose compulsion, with oil at a four-year high.
Sanctions finally squeezed Russia’s oil revenues in half. Then Iran sent prices back up—three weeks too late.
The Iran windfall arrived three weeks after Q1 closed. Now Moscow is eyeing the war budget.