EconomyIN BRIEF: Key takeaways from Finance Minister Siluanov’s speech at Moscow Financial Forum
Finance Minister Anton Siluanov said Russia’s draft federal budget for the next three years will be challenging, with next year’s deficit set at about 2% of GDP but posing no risks. He said defense and security will be priorities in the 2027–2029 budget, while the country has developed immunity to US “sanctions from hell.” The ministry is building reserves and targeting the shadow economy.
IN BRIEF: Key takeaways from Finance Minister Siluanov’s speech at Moscow Financial Forum