Russia expects to run at least $28bn over budget on its Ukraine war spending this year as advances slow and Kyiv gathers momentum with strikes across the border.
A letter from finance minister Anton Siluanov in February urged the cabinet to freeze around ₽2.9 trillion Russian roubles ($40.8bn) in planned non-war-related spending this year, warning that the ₽2trn overspend could rise to as much as ₽4trn in a “negative scenario”, according to the Financial Times.
