Russia’s federal budget deficit reached 5.7 trillion rubles ($72 billion) in the first half of 2026, according to Mario Nawfal, as war-related spending strains

Russia’s federal budget deficit reached 5.7 trillion rubles ($72 billion) in the first half of 2026, according to Mario Nawfal, as war-related spending strains state finances. He said banks are facing liquidity pressure and struggling to absorb new government debt.