The Russians “need to be more modest in their goals,” said financial minister Anton Siluanov.
Russian authorities are trying to prepare the population to reduce budget revenues as a result of the war against Ukraine and fall into a standard of living. This was announced by the Center for combating disinformation with the National Security and Defense Council.
Thus, in the expanded College of the Ministry of Finance of the Russian Federation, the head of the department Anton Siluanov has forced to admit that the stressful situation in the oil market forces has “bringing costs to new facts”, which means “will be more modest in his goals.”
“During 2025, Russia was recorded in Russia due to a reduction in oil prices and western penalties. In March, the Russian Federation’s oil and gas revenues fell 17%. It is predicted that according to April’s results, the collapse will reach 22%,” the CPD mentioned.
However, despite the fact that oil reduction in the near future will lead to a tangible decline in the standard of living by ordinary Russians, the Kremlin’s priority for contractors for war against Ukraine and the pouring of weapons remains in the Kremlin.
“Do not want to end the war, the Kremlin will continue to save its own citizens,” the CPD emphasized.
Keep in mind that Russian military spending in 2024 reached $ 149 billion, 38% more than 2023 and twice in 2015. It was 7.1% of Russia’s GDP and 19% of all government expenditures.
Russia’s economy frozen: the “bloated” military -industrial complex does not save
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.