Story perspectives

Fuel rationing after drone attacks; $80 B deficit looming

6/23/2026

Summary

Story summary

Fuel rationing has been imposed nationwide after Ukrainian drone attacks disrupted Russian oil refineries.
Kremlin spokesman Dmitry Peskov said Russia’s macroeconomic outlook remains secure despite Urals crude falling from $120 to $65 per barrel and MOEX index dropping over 4 % to a low.
The federal budget faces a $28 billion revenue shortfall, an $80 billion deficit and military spending that consumed roughly 46 % of outlays in Q1 2026, intensifying inflation concerns.

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Story summary

Fuel rationing has been imposed nationwide after Ukrainian drone attacks disrupted Russian oil refineries.
Kremlin spokesman Dmitry Peskov said Russia’s macroeconomic outlook remains secure despite Urals crude falling from $120 to $65 per barrel and MOEX index dropping over 4 % to a low.
The federal budget faces a $28 billion revenue shortfall, an $80 billion deficit and military spending that consumed roughly 46 % of outlays in Q1 2026, intensifying inflation concerns.