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Forums - Politics Discussion - Russia and Ukraine flashpoint

Last edited by Ryuu96 - on 21 June 2023

Around the Network









Around the Network









Russia unexpectedly halted publication of detailed data on budget spending, casting public finances deeper into secrecy as the government wrestles with soaring costs linked to the war in Ukraine.

The Finance Ministry stopped disclosure of high-frequency outlays on its electronic budget portal that previously showed up-to-date information about spending on different categories. The statistics enabled analysts to examine trends in expenditure and to calculate how much of the budget was going toward activity deemed classified.

The federal budget deficit meanwhile reached 3.41 trillion rubles ($41 billion) in the first five months of 2023, narrowing slightly in May but still exceeding the full-year plan by almost a fifth. Energy revenue shrank by over a third last month, hit by lower crude prices amid international sanctions and reduced gas exports to Europe.

Russia Covers Up Key Budget Spending Data as Putin's Ukraine War Swells Deficit - Bloomberg

Russia Demands U.S. Pay Reparations for Helping Ukraine in War