Story perspectives

Russia's Economy Plummets: Record Budget Deficit Looms

11/24/2025

Summary

Story summary

Russia's economy faces severe strain from sanctions and Ukrainian strikes on oil infrastructure, with oil revenues down 27% in October 2025 from a year earlier.
The government projects a 5.7 trillion rubles budget deficit for 2025, the largest in Russia's history.
Sanctions have reduced oil shipments and compelled deeper discounts on crude.
Russia's National Wealth Fund has halved since 2022, limiting the government's ability to fund the war in Ukraine.

1 of 1

Story summary

Russia's economy faces severe strain from sanctions and Ukrainian strikes on oil infrastructure, with oil revenues down 27% in October 2025 from a year earlier.
The government projects a 5.7 trillion rubles budget deficit for 2025, the largest in Russia's history.
Sanctions have reduced oil shipments and compelled deeper discounts on crude.
Russia's National Wealth Fund has halved since 2022, limiting the government's ability to fund the war in Ukraine.