Kremlin War Costs May Put Russia $28 Billion in the Hole
- Russia's war spending on Ukraine is expected to exceed its 2026 budget by 2 trillion rubles , causing the freezing of other planned government spending to cover costs.
- Russia allocated 16.84 trillion rubles , nearly 40% of its 2026 budget, to defense and security.
- The budget deficit reached 5.9 trillion rubles in the first four months of 2026, surpassing the yearly target and marking the largest deficit since the invasion began.
- Ukrainian strikes on Russian oil infrastructure have reduced oil refining by at least 10%, increasing pressure on Russia's war finances.
16 Articles
16 Articles
These conclusions stem from a letter from Siluanov, the contents of which were revealed by the Financial Times. According to the document, in February, the Russian Finance Minister asked the government to freeze planned spending in other areas to cover the rising costs of the war. Russia's Difficulties Financing the War The Financial Times noted that this request clearly demonstrates Russia's difficulties financing the war, even though 16.84 tri…
According to a media report, the Russian cost of the war in Ukraine has risen significantly. Russian finance minister is said to have asked his cabinet colleagues to freeze expenses.
According to a media report, the cost of war in Ukraine has recently risen significantly. Russia therefore calls on ministries to freeze expenditure for the time being.
How much money is Russia short? This year, Russia will spend $28 billion more on the war than planned. The budget deficit is already breaking records, and the Ministry of Finance has begun asking the government to freeze spending in all other areas. This was reported by RBC-Ukraine, citing The Financial Times. Read also: Command promised Putin to seize Donbas by autumn, - FT Russian Finance Minister Anton Siluanov asked the government back in Fe…
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