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In 2026, the richest Russians transferred 471 billion rubles to Russia’s budget, or more than 5.6 billion dollars, in the form of so-called wartime «gratuitous contributions». According to Reuters calculations, this amount covered more than 1% of all government spending.
#reuters #business #VladimirPutin #OlegDeripaska #Rosneft #SuleymanKerimov #finance #Economy
Russian regions are cutting investment programs, spending on the construction of social facilities, and urban improvement due to budget deficits. According to sources for the Open Nizhny portal in regional authorities, when drafting budgets for 2027, this may affect 60–65 of the 89 constituent entities of the Russian Federation.
#budgetoftheRussianFederation #WarinUkraine #MinistryofFinanceoftheRussianFederation #Moscow #StPetersburg #finance #Economy
According to Alfa-Bank analysts, in 2027 non-interest, non-defense spending of Russia’s federal budget will fall to about 9% of GDP — the lowest level since 2005. At the same time, spending under the «national defense» item will rise to 35% of all expenditures, while key civilian sectors face cuts.
#AlfaBank #BudgetoftheRussianFederation #WarinUkraine #publicdebt #Russia #finance #Economy
Russia’s Minister of Economic Development, Maxim Reshetnikov, arrived in the USA to take part in the G20 trade ministers’ meeting. The meeting will take place on September 30 — October 1 in Milwaukee, Wisconsin.
#g20 #MaximReshetnikov #MinistryofEconomicDevelopmentoftheRussianFederation #USA #Economy
A senior Reuters source in the Russian government said that the transfer of Russian assets of Western companies into temporary management should make European countries think about sanctions. When asked about the Russian units of UniCredit and Raiffeisen, he replied: «Let them be afraid».
#raiffeisen #reuters #UniCredit #Interimmanagement #Russia #Economy
The Ministry of Internal Affairs proposed allowing Russian companies to hire workers from visa-required countries outside the quota system, including programmers, doctors, welders, tractor drivers, and nurses. The draft order was published on September 28 on the portal for draft regulatory legal acts; the list includes 186 professions and positions.
#employment #India #MinistryofInternalAffairsoftheRussianFederation #labormigration #Economy
Vladimir Putin signed a decree that restricts the export of cash rubles from Russia: citizens can no longer take out more than 1 million rubles to the countries of the Eurasian Economic Union (EAEU), as well as to Azerbaijan, Tajikistan, and Uzbekistan. For legal entities and individual entrepreneurs, the ban applies regardless of the amount, and the decree takes effect on September 29.
Spending on the «national defense» item in the 2027 budget draft will rise to 17.1 trillion rubles, which is 32.2% higher than the current level. For 2028, 16.6 trillion rubles are allocated for this item versus 13 trillion.
#BudgetoftheRussianFederation #WarinUkraine #militaryindustrialcomplex #ArmedForcesoftheRussianFederation #MinistryofFinanceoftheRussianFederation #MinistryofEconomicDevelopmentoftheRussianFederation #finance #Economy
On September 19, Ilya Berdnikov, who previously worked at Rosimushchestvo, became CEO of Auchan Retail Russia. The appointment came two days after Vladimir Putin transferred the French chain’s Russian business to the temporary management of JSC L. E. V. Management.
#Auchan #BusinessseizureinRussia #Rosimushchestvo #Russia #Economy
Nestle said it takes note of the Russian president’s decree on transferring the assets of «Nestle Russia» to temporary management and is assessing possible courses of action. Auchan said its Russian subsidiary continues to operate as usual and has requested clarification on the decree.
#LeroyMerlin #nestlé #Auchan #VladimirPutin #Russia #Economy
In the week to September 13, Russia shipped $2.42 billion worth of oil for export — the highest since late May, according to Bloomberg calculations based on tanker-tracking data. A week earlier, the amount was about $620 million lower.
#WarinUkraine #India #Kazakhstan #China #oil #Russia #Economy
Russia’s largest retailers have begun posting tenders for concrete shelters to protect facilities from drones. This was noted by Verstka: the applications mention Pyaterochka, Azbuka Vkusa, Lenta, Magnit, and Komus.
#Alphabetoftaste #uav #WarinUkraine #tape #magnet #Pyaterochka #StrikesagainstRussia #Economy
Yemeni Houthi rebels have seized two strategic islands — Greater and Lesser Hanish — in the Red Sea at the entrance to the Bab el-Mandeb Strait. After this, concerns over oil supplies and shipping in the region intensified in the market.
#Wars #Yemen #RedSea #oil #SaudiArabia #Shipping #Houthis #Economy
Oil is rising by more than 2% on Monday after new Houthi strikes on Saudi Arabia and shelling of ships in the Persian Gulf by Iran. By 09:50 MSK, Brent had risen 2.49% to $107.22 per barrel, and WTI — by 2.6% to $102.65 per barrel.
#MiddleEast #Iran #oil #StraitofHormuz #SaudiArabia #Houthis #Economy
Over the past day, seven ships carrying different cargoes passed through the Strait of Hormuz — over the previous ten days, an average of 15 ships per day passed through it. On the morning of September 11, Brent crude on the ICE exchange in London was trading above $105 per barrel.
The federal budget deficit for January–August 2026 amounted to 5.79 trillion rubles, the Finance Ministry said. This is 53% more than the amount planned for the year and corresponds to 2.5% of GDP.
#budget #MinistryofFinanceoftheRussianFederation #Russia #finance #Economy
In Yakutia, the 5.4% salary increase for some categories of public-sector workers from July 1 was moved to September 1. The authorities explained this by unforeseen expenses.
#WarinUkraine #healthcare #defenseministry #Economy #Yakutia
After the victory of the far right in the parliamentary elections in Saxony-Anhalt, special representative of the President of the Russian Federation Kirill Dmitriev wrote on his X: «I look forward to jointly building a great future together with ‘AfD’ — Germany’s most popular party». Russian authorities have indeed long supported this party, and elections in eastern Germany may affect the result of the federal elections to the Bundestag. However, not necessarily in favor of AfD.
#AlternativeforGermany #VladimirPutin #EastandWest #elections #GDR #Germany #DonaldTrump #migrants #society #rightandleft #Russianinfluence #SaxonyAnhalt #ultraright #fascism #Economy
Viktor Fedorov, a member of the parliament of the Republic of Sakha (Yakutia) from United Russia, said that young Russians who want to earn money should go into public service. He linked this advice to the situation in business, which he described as «complete stagnation».
In the second quarter of 2026, the balance of payments item «net errors and omissions» amounted to minus $12.2 billion, according to Bank of Russia statistics. This is a record for the entire period of observations since 1994 and 8.7 times more than in January–March, when the figure was minus $1.4 billion.
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