The Russian budget deficit in the first half of the year reached 97% of the annual plan due to a drop in oil and gas revenues.

According to the KSE, in May-June, Russian oil and gas revenues were 35% lower than in the same period in 2024, causing increased budgetary pressure. In the first half of the year, the federal budget deficit reached ₽3.7T, or 97% of the annual plan, which is more than…

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