Russia's Ten-Month Budget Deficit Climbs to RUB5.2 Trillion, 2.3% of GDP
Asia took 80% of Russia’s exports as higher oil prices lifted mineral shipments and trade turnover rose 13.9%, customs data showed.
- On Tuesday, the Federal Customs Service reported Russia's foreign trade surplus rose 13.2% to $116.8bn in January-September, driven by a 17.7% increase in exports to Asia.
- Asia now takes 80% of Russia's exports, with shipments rising to $277.5bn, while machinery and equipment imports grew 16.1% to $112.4bn over nine months.
- Russia's federal budget deficit reached RUB5.234 trillion in January-October, the Finance Ministry said in a preliminary estimate on November 10, as revenues rose 10.8% to $401.9bn and spending grew 13.4% to $465.3bn.
- Non-Oil and gas revenues rose 19.1% to $323.9bn, lifted by a VAT increase to 22% from January, while oil and gas revenues fell 14.1% to $78.0bn.
- From January 1, 2027, the European Union bans Russian LNG under long-term contracts, which the International Energy Agency expects will remove 30 bcm from gas sales next year.
12 Articles
12 Articles
Despite the record oil prices.
Russian October Budget Gap Widens as War Spending Hits Finances
Russia posted a budget deficit of 5.23 trillion rubles ($63 billion) in the first 10 months of 2026, as stronger revenue failed to keep pace with mounting government spending, according to Finance Ministry data published Tuesday.
According to a preliminary estimate by the Ministry of Finance, the Russian State's revenue for the first 10 months of this year was 33.18 trillion rubles, which is 11 per cent higher than for the same period last year, while non-oil gas revenues rose by 19.1 per cent (to 26.73 trillion rubles), while non-oil revenues rose by 19.1 per cent (to 26.73 trillion rubles).
European countries accounted for 16.4% of Russia's trade turnover, while Asian countries accounted for 72.1%
European countries accounted for 16.4% of Russia's trade turnover, while Asian countries accounted for 72.1%.In general, in January — September 2026, the trade turnover of the Russian Federation amounted to the equivalent of $576.2...
The Russian Federation ' s positive foreign trade balance in January-September 2026 increased by 13.2 per cent from January-September 2025 to $116.8 billion (compared with $103.2 billion a year earlier), according to foreign trade statistics published by FCS.
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