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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
Shareholders of Norilsk Nickel approved half-year dividends in the amount of 1.85 rubles per common share. The record date for determining who is entitled to receive the payments was set for October 12.
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
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
Hungarian OTP Bank is considering a full exit from Russia, Bloomberg пишет. The bank’s Russian business may hinder approval of the purchase of Baltic Luminor Bank, with decisions expected in the coming weeks.
#LuminorBank #OTPBank #Hungary #EuropeanCentralBank #Russia #finance
U.S. President Donald Trump signed the law on «hellish sanctions» against Russia on Friday, September 18. The law also took effect on that date. But are these sanctions really so terrible? Or is this just another declaration of intent without an effective enforcement mechanism?
#Analytics #WarinUkraine #Putin #Russia #sanctions #USA #shadowfleet #Trump #finance
The Bank of Russia is holding informal consultations with banks, depositories, and cryptocurrency exchangers about access to the legal Russian crypto market. After the first-line acts are published, participants will be able to apply for licenses and inclusion in registries, said First Deputy Governor of the Central Bank Vladimir Chistyukhin on the sidelines of the Moscow Financial Forum.
#bitcoin #ethereum #LinkUSDT #state #Cryptocurrency #cryptomarket #Russia #finance #CentralBank
Since the beginning of 2026, 12 new settlement non-bank credit institutions (RNCOs) have appeared in Russia, according to data from the Bank of Russia. This is already more than for the entire year of 2025, when 11 such organizations received licenses.
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
What makes Musk’s business model turn technological ambition into record-breaking value? And what does this phenomenon tell us about an economy where hopes for the future increasingly outweigh profits «here and now»?
#spacex #tesla #Xcom #Analytics #businessmodel #future #elonmask #capitalism #Space #forecasts #finance #Digitaleconomy
This is the final text about the problems of mass migration in Europe. More precisely, about the myths that make people think that migrants, especially from Muslim countries, are Europe's main problem. That the economy (for example, the German one) is stagnating because Germany has turned into either a transit point or a boarding house. Where new residents don't want to work, but to live on benefits.
#Analytics #AngelaMerkel #refugees #business #WarinUkraine #Germany #EuropeanUnion #WestandEast #migrants #Myths #Muse #Syria #welfarestate #servicesector #finance #Digitaleconomy #Emigration
After traveling through Russia in 1839, the French aristocrat Astolphe de Custine wrote a book that still shapes Western politicians’ views of the country. But beyond criticism of Russian customs, it also contains an unexpected political theory.
#19thcentury #AstolphedeCustine #bestseller #Decembrists #dissidents #europe #WestandEast #foreignersinRussia #historicalmemory #conservatism #finance #PyotrChaadaev #politicaltheory #Poland #rightandleft #revolution #reforms #RussianEmpire #France #civilization
The organizers of the November UN climate summit in Belém, Brazil, called the thirtieth round of annual negotiations a «moment of truth» and a «time for action.» «Arctida’s» analyst who attended the summit, explains why these expectations were not met.
#KS30 #Analytics #Arctic #Globalwarming #GlobalSouth #west #fossilfuels #climatesummitinBelarus #LatinAmerica #UN #ParisAgreement #Duzhokgases #SaudiArabia #countrywithatransitioneconomy #finance
One of the main economic news stories this week for Russian citizens is the European Commission’s decision to include Russia in the list of high-risk jurisdictions. Officially, it is set to take effect at the beginning of January 2026. We speak with anti-corruption expert and founder of the NGO «Arktida,» Ilya Shumanov, about what problems to prepare for after the New Year holidays—and what his own plan is.
#bankingsystem #EuropeanUnion #west #IlyaShumanov #interview #corruption #personalexperience #moneylaundering #Russia #sanctions #finance #blacklist #Emigration
US President Donald Trump imposed sanctions on Russia for the first time since the beginning of his second term. Following him, the EU approved the 19th package of sanctions. This is not yet a full embargo, but already a joint policy of «coercion to peace.»
#WarinUkraine #DonaldTrump #EuropeanUnion #Lukoil #Rosneft #Russia #sanctions #SaudiArabia #USA #finance
In the event of a shutdown, government agencies stop receiving funding, civil servants do not get paid, and consequently, most government institutions in the country cease to operate, except for those vital to life. The last time such an event occurred was six years ago—during Donald Trump's first presidential term.
#America #BarackObama #state #DemocraticPartyoftheUnitedStates #JoeBiden #DonaldTrump #healthcare #society #rightandleft #RepublicanPartyoftheUnitedStates #insurance #finance
The Ministry of Finance announced the initial budget parameters for 2026 and 2027-28, as well as changes in tax legislation that will help implement this budget. And this is a wartime budget.
#business #budget #WarinUkraine #state #minfin #Taxation #society #Russia #finance
Analyzing five key myths surrounding a real event from the 14th century
#GoldenHorde #historicalmyth #Taxation #patriotism #Russia #MiddleAges #finance
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