Russian banks currently possess no free rouble liquidity to purchase federal loan bonds, which the Russian Ministry of Finance typically utilizes to cover the nation's budget deficit.

Russia's military expenditures for the first quarter of 2026 have reached a new record high of 5.908 trillion rubles (approximately 70.44 billion euros), according to calculations based on data from the Russian Ministry of Finance.

Russia's federal budget deficit reached 5.877 trillion rubles from January to April, as rising oil prices due to the war in Iran failed to help the budget, according to the Russian Ministry of Finance.