Russia’s economy slows as war costs mount, budget deficit widens, and rate cuts near their limit

AI Summary

Russia's economy is facing significant challenges as the costs of war escalate. The government's budget deficit is widening, and rate cuts are nearing their limits, indicating a stressed economic environment.

Anticipating additional oil and gas revenues, the government in March 2026 ramped up budget spending by 44 percent compared to March 2025 — 4.7 ...