Russian Duma Passes First Reading of 2027-2029 Federal Budget

The State Duma approved the first reading of Russia's federal budget for 2027-2029, signaling continuity in fiscal policy amid ongoing geopolitical tensions. The budget's specifics, including defense and social spending allocations, remain undisclosed, but the approval suggests legislative alignment with the Kremlin's priorities. This development is routine in the legislative calendar but carries implications for Russia's fiscal trajectory and resource allocation.

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