Falling Russian oil and gas revenue translates into big budget deficit

Reports that Kremlin is ready to allow payment for the acquisition of former Shell assets increases pressure on the rouble

Rouble retreat: a law enforcement officer stands guard as people tour the grounds of the Kremlin.
Rouble retreat: a law enforcement officer stands guard as people tour the grounds of the Kremlin.Photo: AFP/SCANPIX
Published 7 April 2023, 13:10Updated 12 April 2023, 15:02