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Russian President Vladimir Putin has approved a record-breaking defense budget, ... The budget for 2025, which was published Sunday, allocates about $126 billion (13.5 trillion rubles) to national ...
While Russia's share of oil and gas revenues has fluctuated in recent years, and dropped in 2023, Russia expects it to account for about 27% of the country's total budget revenue in 2025.
Russian forces in 2024 advanced in Ukraine at the fastest rate since 2022, the war's first year, and control about a fifth of the country. But the gains have come at the cost of heavy, though ...
11 January – Ukraine announces the capture of two North Korean soldiers during fighting in Russia's Kursk Oblast. [1] 17 January – Iran and Russia sign a "comprehensive strategic partnership treaty". [2]
The federal budget of Russia (Russian: федеральный бюджет России) is the leading element of the budget system of Russia. It is a major state financial plan for the fiscal year, which has the force of law after its approval by the Russian parliament and signed into law by the President of Russia .
For 2024, Russia changed the funding rules again, so that the NWF will not receive the expected 2024 11.5 trillion rubles of oil revenue, which will go directly to the Russian budget instead, with just 1.8 trillion rubles projected to be being given to the National Wealth Fund in 2025. [10]
Russia's State Duma took a step forward Wednesday towards approving its biggest-ever federal budget which will increase spending by around 25% in 2024, with record amounts going on defense.
Russian President Vladimir Putin on Monday signed a national budget for the next three years that increases spending by around 25% and reportedly devotes a record amount to defense as the the ...