The Kremlin Can't Hide It Anymore

Putin is desperate.

Last week, the Russian dictator somehow hesitantly explained the 1.8% decline in Russian GDP in the first two months of 2026 by changes in weather conditions and more weekends than in 2025.

The explanations were given publicly right at a meeting of the economic bloc of the Russian government and the Central Bank, and looked a bit ridiculous. Everyone who sat at the table with Putin understood exactly who was to blame for the economic crisis of the Russian Federation, which even official statistics can no longer hide, but most members of the economic bloc just stared silently at the table they were sitting at.

In April, the Russian government will receive oil and gas revenues to the budget in the amount of about 1 trillion rubles, which is twice as much as the average for the previous months, precisely because of the rise in the "tax" price of Russian oil to $77 per barrel.

But the additional budget revenues did not warm the dictator's soul, because in the first quarter the federal budget deficit amounted to 4.6 trillion rubles. And although the figures of the consolidated budget deficit for the first quarter the Russian government hides, but it is known that already in the first two months it amounted to about 6 trillion rubles.

Russian regions, which previously generated a surplus, began 2026 by generating a deficit, and at a cosmic speed. Therefore, April's trillion rubles for Putin's budget is like treating a bullet wound with plantain.

Vitaly Shapran, Facebook

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