Russia's budget deficit after 7 months is 2.2% of GDP. Last year, it was 0.5% of GDP after 7 months and 1.7% of GDP after 12 months. Because of the slowing economy and low oil prices, Russia's deficit could realistically reach 3% of GDP this year.

1/10 🇷🇺 In June 2025, Russia’s oil revenues rose by $0.8B to $13.6B, as higher prices outweighed a 1.4% drop in export volumes. KSE Institute 🇺🇦’s July report breaks down the gains — $8.6B from crude (+$0.73B) and $5.0B from products (+$0.08B) — and reveals how the shadow fleet

businesstoday.in/latest/economy…

If India stops importing Russian oil, its fuel import costs could rise by over $20B in the next two fiscal years — $9B in FY2026 and $11.7B in FY2027, according to the State Bank of India, cited by Kommersant.

China added two EU banks — UAB Urbo Bankas and AB Mano Bankas — to its countermeasures list, banning transactions and cooperation with them. Beijing hopes this will push EU states to value long-term ties with China and stop “wrong practices” internationally

India’s SBI has halted trade and FX transactions for Nayara Energy over possible US sanctions risk after recent tariff hikes. The move aims to avoid restrictions from the US and EU tied to Russia fuel import bans and price caps that have hit banks’ global operations.

Russia is rapidly advancing AI-powered drones, making them more autonomous, precise & resistant to EW. Our new sanctions target key UAV producers, AI labs & Chinese suppliers enabling this tech. With partners, we’re cutting critical links in Russia’s war machine.

Russian Shahed drones are evolving. They now use a lidar-type range finder (Lighware SF-20/B) to measure distances and trigger warhead detonation at altitude. We’ve traced the components and manufacturers: South Africa (Lighware), China (Qinheng), Switzerland (STMicroelectronics)

a Dutch court jailed ex-ASML employee Herman Aksyonov, a Russian, for spying for the FSB. Any Russian national can pose a threat. Europe must stay vigilant — incl. banning scientific cooperation in sensitive fields and tightening counterintelligence.

Russia exported $5.69 bn worth of pipeline gas to China in Jan–Jul 2025, according to China’s customs data — up 21.3% compared to the same period in 2024.

~2.5 bn is an average monthly loss of 🇷🇺 oil export earnings due to sanctions

In Kuzbass, 17 coal enterprises out of 151 (11.2%) have been shut down In January-July 2025, 110.3 million tons of coal were mined in Kuzbass, which is 7.4% less than a year earlier. A large-scale crisis. kommersant.ru/doc/7989848?fr…

In the meantime China started to receive LNG from heavily sanctioned Arctic 2 gcaptain.com/russias-arctic…

Russian mining giant Mechel reported a H1 2025 net loss of ₽40.5bn — more than double last year’s. Revenue fell 26% YoY, citing sanctions, ruble volatility and high interest rates. The company will halt “unprofitable production,” including coking coal.

Russia’s oil & gas revenues keep shrinking. In Aug, companies paid ₽505bn to the budget — down 35% y/y. Over Jan–Aug, revenues fell 20% (₽1.5tn). With deeper discounts to India & China, losses may accelerate. MinFin now ramps up FX & gold sales to plug the deficit.

Sberbank chief Herman Gref says Russia’s economy has entered “technical stagnation.” GDP growth cooled sharply in Q2 (April–June), with July and August showing “clear signs” of approaching zero growth, he told the Eastern Economic Forum.