Russian Economy Cheap Oil, Tax Gaps, Record Debt — Big Trouble Ahead In 2026

Russia’s economy is heading into 2026 with three pressure points that are hard to ignore: cheaper oil, tax collection gaps, and record borrowing. In this Wednesday Russian Economy Review, I break down the latest indicators from the past week and explain what they could mean for the federal budget, inflation, the ruble, interest rates, wages, consumer demand, and everyday life inside Russia.

In this episode we cover:
-Oil prices & discounts: why “cheap oil” matters for Russia’s budget revenues and exporters
-Tax gaps: what weaker tax collection signals about real business activity
-Debt & deficits: how rising state borrowing and budget deficit dynamics shape 2026 risks
-Central Bank policy: key rate expectations, credit conditions, and what happens next
-Industries & jobs: labor market signals, wage growth, layoffs risk, and company cash-flow stress
-2026 outlook: the most likely scenarios—without hype, with numbers and trends

If you want a clear, structured snapshot of where Russia’s economy is heading—and what the gold story may be warning us about—this is the episode.

I’m Konstantin, a Russian in exile and creator of Inside Russia. I talk to people inside the country every day, follow the numbers and the mood, study Russia under microscope and share my findings with the world. No hype — just facts. This channel focuses on facts, data, and economic logic: Russian budget, oil and gas revenues, inflation, ruble exchange rate, interest rate, debt, taxes, industry, and markets—so you can understand where Russia’s economy is really going. Sources: open public data and reporting (Russia Today, MinFin, CBR, Rosstat, business press). This video is commentary and analysis for information/education only and follows YouTube community guidelines.

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Russian Economy: Cheap Oil, Tax Gaps, Record Debt — Big Trouble Ahead In 2026
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