{
  "id": 328311,
  "title": "Where Can Russia Find More Money for War?",
  "url": "https://urgent.news/2026/07/29/where-can-russia-find-more-money-for-war",
  "topic": "ai",
  "section": "AI",
  "published": "2026-07-29T15:04:00.000Z",
  "source": {
    "name": "The Moscow Times - Opinion",
    "slug": "the-moscow-times-opinion",
    "url": "https://www.themoscowtimes.com/2026/07/29/where-can-russia-find-more-money-for-war-a93371"
  },
  "original_language": "en",
  "account": "Russia grapples with finding additional funds for its war efforts while facing a budget deficit and expensive government debt. The Central Bank's latest interest rate cut, though symbolic, underscores the ongoing challenge. Governor Elvira Nabiullina's warnings about rising inflation and a budget deficit exceeding initial projections add to the concerns. Oil revenue, a significant portion of the budget, is unstable due to geopolitical tensions and supply disruptions. Non-oil revenues are growing slowly despite higher tax rates. The Finance Ministry's revenue sources—taxes, debt, and currency devaluation—are dwindling. Borrowing has risen to a record high, but high interest rates make servicing debt burdensome. The Kremlin faces mounting pressure to address the financial strain, even as military spending remains unchecked.",
  "summary": "Economists in Russia said on condition of anonymity that banks can only keep up their staring contest with the Finance Ministry for so long.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}