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DONATE NOW<\/a><\/p>\n According to data published by Bloomberg, the Kremlin requires an unplanned 4 to 5 trillion rubles ($54.4 billion to $68 billion) in additional state funding specifically to sustain Russia\u2019s full-scale invasion of Ukraine, pushing overall national expenditures far past the original federal budget, cited by the Moscow Times.<\/p>\n The critical budget risk has already begun to manifest, though Nabiullina noted that total clarity regarding its final scope remains highly uncertain. Concurrently, a severe spike in domestic fuel prices is exerting heavy pressure on consumer markets. <\/p>\n National statistics bureau Rosstat reported that retail gasoline prices have been climbing at a rate of nearly 1% per week for two consecutive weeks. Since the beginning of the year, retail fuel has grown 6,6% more expensive, representing a rate of increase double that of the identical period during the previous year. <\/p>\n Nabiullina warned that rising gasoline prices are highly sensitive for both civilian consumers and private enterprises, threatening to trigger a broader upward shift in public inflationary expectations.<\/p>\n Read more<\/p>\n CategoryWar in Ukraine<\/a>Russian Grad Fires, Tries to\u00a0Hide by\u00a0the Woods\u2014Ukrainian Drones Still Find It<\/a><\/p>\n \n Jun 19, 2026 14:20\n <\/p>\n The sudden economic pressure marks a distinct reversal for the Kremlin. According to the Ministry of Economic Development, consumer inflation has started to accelerate again after a year of near-continuous deceleration.<\/p>\n The pace of the consumer price index increased from 5,31% at the end of May to 5,63% by mid-June. This rapid shift has directly restricted the Central Bank’s ability to lower its key interest rate. During its Friday session, the regulator opted to reduce the rate by a marginal 0,25 percentage points to 14,25% per annum. This adjustment marks the smallest single-step reduction across the Central Bank’s last nine consecutive policy-easing meetings.<\/p>\n The regulatory path forward is now expected to face prolonged delays. While the Central Bank initially projected an average key interest rate of 14-14,5% for the current year, 8-10% for 2027, and a eventual return to a neutral target of 7,5-8,5% by 2028, Nabiullina acknowledged that achieving a neutral rate will take longer under these newly altered economic conditions. <\/p>\n Read more<\/p>\n CategoryWorld<\/a>Russia\u2019s Volgograd Region Conducts Large-Scale Mobilization Training Exercises<\/a><\/p>\n \n Jun 19, 2026 16:49\n <\/p>\n Financial analysts note that the minimal 25-basis-point drop reflects a complex political dilemma for the Central Bank, which must balance growing structural risks against explicit political demands for lower borrowing costs coming directly from Vladimir Putin. <\/p>\n As a result, experts indicate that the broader cycle of monetary easing may effectively be over, as the escalating threat of expanding federal budget deficits continues to complicate long-term regulatory stability.<\/p>\n![\"Russian](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/b1e340ef3362cc208f2109735e2ef0cf.png\")
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