GeopoliticsHighSingle-source
7.5
Russia prioritizes defense financing in 2027-2029 budget, deficit ~2% GDP
Anadolu Agency EN·RU·1 day ago
Russia is considering new taxes on companies from 'unfriendly' countries, gold and metal producers, and certain individuals to reduce its budget deficit, driven by increased war spending and falling oil and gas revenues. The measure signals fiscal strain and a potential escalation of economic confrontation with the West. Details remain unconfirmed, and the impact on foreign investors is uncertain.