RUSSIAN REGIONS’ DEBTS SURGE TO A 15-YEAR RECORD DUE TO BUDGET DEFICITS
Russian regions, faced with a sharp increase in budget deficits, have started borrowing more to cover current expenses. By the end of 2025, the total debt of Russian regions increased by 11% year-on-year to reach 3.48 trillion rubles. This follows from a calculation by the rating agency ACRA, based on data from the Ministry of…
