Russia’s fiscal deficit swells in 2026 as Iran war-driven oil revenue windfall fails to compensate for surging expenditures and eroding non-oil income.
Russian inflation accelerated in July driven by a surge in gasoline prices, raising expectations of Bank of Russia rate hikes and weighing…
Ukrainian drone strikes cripple Russian refining capacity, triggering a domestic fuel scramble that props up global oil prices and weighs on the…
Russia’s massive payouts to oil refiners are eroding state revenues, fueling ruble weakness and fiscal strain that could ripple across Russian markets…
Russia dumped $4 billion in gold reserves in 2026, threatening gold prices and signaling a bid to stabilize the ruble as sanctions…
Ruble's rally to the top of global FX rankings reflects surging oil demand amid Iran conflict, overshadowing Western sanctions and fueling Russian…
Russia’s budget gap hits an all-time high despite climbing oil revenues, pressuring the ruble, Russian equities, and emerging-market assets while supporting oil…