Russia Sees 1 Trillion Ruble Non-Oil/Gas Revenue Upside by 2026

Finance Minister Siluanov told the State Duma that non-oil and gas budget revenues could exceed plan by ~1 trillion rubles by end-2026, with current-year indicators already overfulfilled. This signals stronger-than-expected fiscal receipts despite sanctions, potentially easing fiscal pressure and supporting government spending. Uncertainty remains over the composition and sustainability of these revenues.