Ukrainian Foreign Minister Andriy Sybiga said that the Russian economy is entering a recession and facing serious financial problems, calling on Western countries to increase sanctions pressure on Russia.

This is reported by Censor.NET with reference to X Sibigy.

Sibiga noted that available economic data indicate a worsening situation in the Russian economy. According to him, in January-November the federal budget deficit of the Russian Federation reached a record $54 billion and could exceed $70 billion by the end of the year.

For the first time since the beginning of the full-scale invasion, the consolidated deficit of Russian regions amounted to $1.5 billion, while last year a surplus of $12 billion was recorded. Also, according to the minister, energy revenues are declining : in November 2025, revenues from oil and gas fell by 34% compared to November 2024, which reduced the budget by another $3.5 billion.

Tax increase in the Russian Federation

Sibiga added that Moscow is forced to raise taxes, including VAT, and cut subsidies for small and medium-sized businesses. He stressed that sanctions should be tightened because the economic pressure could become “unbearable for Putin.”

The minister noted that sanctions currently cover only about 20% of the Russian military-industrial complex, and called for restrictions to be extended to the rest. He also stressed the need to completely close loopholes for circumventing sanctions, limit Russia’s access to technology, reduce energy revenues, and end the EU’s dependence on Rosatom.

Author:  Valeria Yegorova Джерело: https://censor.net/ua/n3591007

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