The approved draft 2027-2029 budget requires a second reading, approval by the Federation Council, and a final signature from President Vladimir Putin to become law.

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Kremlin spokesperson Dmitry Peskov described accusations of Russian involvement in the November 5, 2026 European cyberattacks and flight disruptions as absurd and baseless

The Russian government proposed a 20% to 30% tax on excess corporate profits for mining and metallurgy companies producing iron ore, nickel, and gold.

Russia's budget deficit reached 5.8 trillion rubles ($72 billion) through August 2026, driven by high military spending, economic sanctions, and Ukrainian strikes on oil refineries, according to KSE.

Russia's draft budget imposes a 22% VAT on cross-border online retail, a 100-ruble charge per international parcel under 200 euros, and a 35% tax on dividend transfers to non-resident Type C accounts.

Macro-Advisory CEO Chris Weafer stated that Russia's budget is moving into a phase that primarily funds military operations at the expense of household costs and broader economic development.

The proposed budget imposes a progressive tax scale reaching up to 22% on personal passive income, including interest from bank accounts, dividends, and proceeds from property sales.

Following Russia's full-scale invasion of Ukraine in February 2022, Russian authorities enacted strict censorship laws prohibiting media from describing the conflict as a war.

Russian authorities ordered Novaya Gazeta's eviction from its Moscow headquarters of 30 years on Potapovsky Lane and shut down its reader donation platforms.

Novaya Gazeta investigative journalist Anna Politkovskaya was shot dead in her Moscow apartment building in 2006 after reporting extensively on human rights abuses in Chechnya.

Novaya Gazeta co-founder Dmitry Muratov was awarded the Nobel Peace Prize in 2021 for defending freedom of expression in Russia.

Exiled former employees of Novaya Gazeta launched Latvia-based Novaya Gazeta Europe in 2022, which Russian authorities subsequently designated as an undesirable organization.

Six Novaya Gazeta journalists have been killed since its founding, including Igor Domnikov, Yuri Shchekochikhin, Anna Politkovskaya, Stas Markelov, Anastasia Baburova, and Natalia Estemirova.

Russian police arrested Novaya Gazeta journalist Oleg Roldugin in April 2026 on computer information charges and searched editor-in-chief Sergei Sokolov's home in October 2026.

Russian authorities revoked Novaya Gazeta's media licence, blocked its website, designated the outlet a foreign agent, and seized its printing press.

Novaya Gazeta was launched in 1993 using funds from former Soviet leader Mikhail Gorbachev's 1990 Nobel Peace Prize.

Russian independent newspaper Novaya Gazeta announced on October 30, 2026 that it will permanently cease operations on November 9, 2026.

Novaya Gazeta announced it will publish one final issue before turning off its servers and vacating its central Moscow newsroom on November 9, 2026.

Finance Minister Anton Siluanov stated that the draft budget fulfills social obligations while addressing tasks of the special military operation and achieving national development goals.

The Kyiv School of Economics reported that Russia will exhaust its financial buffers by early 2028 unless it implements additional tax increases or social spending cuts.

Russia's proposed draft federal budget allocates 17.1 trillion rubles ($202.6 billion) to national defense, representing over one-third of total federal expenditures.