Summary This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.
MOSCOW, Oct 20 (Reuters) - Russia's finance ministry on Thursday said it was drawing down 1 trillion roubles ($16.25 billion) from the country's National Wealth Fund (NWF) to help cover the government's budget deficit this year.
Russia is expected to post a budget deficit of around 2% of GDP this year, as the fallout from Western sanctions and the costs of Moscow's "special military operation" in Ukraine weigh on the economy and the government's finances.
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Independent_Total256 on October 22nd, 2022 at 15:01 UTC »
That happens when a country with very weak economy based on resources export starts a war.
999uts on October 22nd, 2022 at 14:51 UTC »
I judge the country's ability to plug deficit by the supply of socks they provide to their military, so far Russia failed...
Pyronic_Chaos on October 22nd, 2022 at 14:33 UTC »
That's... not a lot of money on the scale of international war.