Russia imposed strict spending limits after an April liquidity squeeze exposed rising costs from the Russia-Ukraine conflict, sources said. The federal budget balance deteriorated to a 5.5 tln ruble deficit (about $65.3 bln), and Finance Minister Siluanov warned Prime Minister Mishustin that available cash was insufficient to meet all required payments on time that month.

2026-08-27

Russia imposed strict spending limits after an April liquidity squeeze exposed rising costs from the Russia-Ukraine conflict, sources said. The federal budget balance deteriorated to a 5.5 tln ruble deficit (about $65.3 bln), and Finance Minister Siluanov warned Prime Minister Mishustin that available cash was insufficient to meet all required payments on time that month.