Kremlin Assures Macroeconomic Stability Despite Volatility in Energy Markets (opens original article in a new tab)

Kremlin asserts macroeconomic stability amid energy market volatility and budget challenges, citing structural shifts away from resource dependence. Russia's economy faces budget shortfalls, inflation, and infrastructure attacks, with the MOEX index hitting a three-year low.

• Kremlin spokesman claims macroeconomic stability is secured despite global energy market volatility
• Russia's federal budget faces 2.1 trillion ruble revenue shortfall and 6 trillion ruble deficit due to war and economic factors
• Russia's MOEX index fell to a three-year low amid interest rate cuts and inflation concerns
• Russia's non-oil and gas revenues are growing despite continued reliance on oil revenues
• Fuel rationing introduced due to Ukrainian drone attacks on oil infrastructure