Russia proposes one-year budget option for economic threats

The Russian government has proposed amendments to the Budget Code allowing federal, regional, and local budgets to be drawn up for one year instead of three, at the president's discretion, in cases of threats to national security or economic stability. This marks a shift from the standard three-year planning cycle, signaling potential preparation for prolonged economic instability. The move is procedural but could enable faster fiscal adjustments in response to sanctions or domestic pressures.