Daily Archives: 2026-02-28

Russian regions enter the fifth year of war with a record financial deficit

The growing economic problems due to the war and sanctions have hit the financial stability of Russian regions. By the end of 2025, the total deficit of regional budgets increased by 3.6 times compared to the previous year and reached 1.478 trillion rubles. As a result, the figure became a record for all time of…

Russia decided not to limit the age of passenger and fishing vessels

Russian authorities have decided not to ban passenger and fishing vessels over 40 years old from entering ports due to a lack of funds for fleet renewal. Now, the bill on banning the operation of dilapidated vessels, developed at the initiative of the United Shipbuilding Corporation (USC), will only apply to cargo ships, said Deputy…