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Budget Express 2026

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Russia

Russia, the world's largest country in terms of size and ninth in terms of population, spans across portions of eastern Europe and northern Asia. Its nominal gross domestic production (GDP), as per the 2021 estimates, stood at USD 1.710 trillion, making it the eleventh largest in the world. According to the World Economic Outlook released by the International Monetary Fund (IMF), Russia's economy generated services and goods of an estimated value of USD 1,647 billion. This was higher as compared to USD 1,610 billion generated by Australia. The Russian capital, Moscow, is a city of roughly 145.5 million inhabitants. It is the largest city in Europe. Other major cities of Russia are St Petersburg, Nizhny Novgorod, Yekaterinburg, Novosibirsk and Kazan. In terms of military strength, Russia is considered to be equipped with the world's second most powerful military, according to defence tracker Global Fire Power. As per the Stockholm International Peace Research Institute (SIPRI), Russia's military expenditure was USD 61.7 billion in 2020. The modern Russian state came into being in 1991, after the dissolution of the Soviet Union that encapsulated vast territories of eastern Europe and central Asia. Since the year 2000, Russia has been led by Vladimir Putin, a former intelligence officer who later rose to the helm of the country's political establishment. More

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  • Kremlin: Moscow and Washington see urgent need for new nuclear arms talks | New START

    Kremlin: Moscow and Washington see urgent need for new nuclear arms talks | New START

    The Kremlin said Russian and US negotiators agreed on the urgent need to launch new nuclear arms talks after New START expired, as Washington pushed to include China in any future treaty.

  • New START ends: US accuses China of secret nuke tests, warns Beijing's 'arsenal has no limits, no transparency'

    New START ends: US accuses China of secret nuke tests, warns Beijing's 'arsenal has no limits, no transparency'

    The US accused China of secret nuclear tests, urging Beijing to join arms control talks, while Russia and the US discuss next steps following New START’s expiration amid global security concerns.

  • US pushes for nuclear talks with Russia and China after New START expires

    US pushes for nuclear talks with Russia and China after New START expires

    The US called for trilateral nuclear talks with Russia and China following the New START treaty’s expiration, citing Russian violations, growing stockpiles, and China’s lack of transparency.

  • India’s US tilt unlikely to mean full break from Russia, defence ties remain entrenched

    India’s US tilt unlikely to mean full break from Russia, defence ties remain entrenched

    Commerce ministry data show that Russia accounted for about 24 percent of India’s oil imports in December, the lowest share in three years

  • Indian refiners ease Russian crude intake; overall imports seen resilient in short term

    Indian refiners ease Russian crude intake; overall imports seen resilient in short term

    While the Russian volumes could soften further, following the announcement of the US–India trade deal, a complete halt looks unlikely for now, analysts say.

  • Ukraine–Russia–US trilateral talks to continue in 'coming weeks', says Kyiv

    Ukraine–Russia–US trilateral talks to continue in 'coming weeks', says Kyiv

    Ukraine said trilateral talks with Russia, mediated by the United States, will continue in the coming weeks, thanking President Donald Trump and the United Arab Emirates after the latest round in Abu Dhabi.

  • 'India is free to buy oil anywhere': Kremlin rejects Trump’s claim on Russian oil

    'India is free to buy oil anywhere': Kremlin rejects Trump’s claim on Russian oil

    The Kremlin rejected Donald Trump’s claim that India would stop buying Russian oil, saying New Delhi has always diversified suppliers and that replacing Russian crude entirely would be difficult.

  • Last US–Russia nuclear treaty is about to expire: Why this matters

    Last US–Russia nuclear treaty is about to expire: Why this matters

    The imminent expiry of the New START treaty removes the last limits on US and Russian nuclear arsenals, heightening fears of an unconstrained arms race involving China and rising global instability.

  • India has room to manage crude imports even if Russian oil supplies shrink

    India has room to manage crude imports even if Russian oil supplies shrink

    The country's crude import bill could rise by $3-4 billion a year if India loses access to discounted Russian oil, according to Kpler

  • Is Russia a mediator in Pakistan-India-Afghanistan tensions? Here’s what Moscow says

    Is Russia a mediator in Pakistan-India-Afghanistan tensions? Here’s what Moscow says

  • Russian drone strike kills 15 mineworkers in Dnipro as Ukraine confirms peace talks dates

    Russian drone strike kills 15 mineworkers in Dnipro as Ukraine confirms peace talks dates

    A Russian drone strike on a bus in Dnipro killed 15 mineworkers and injured seven, hours before Ukraine announced Feb. 4–5 peace talks in Abu Dhabi, raising tensions further.

  • Lavrov accuses European leaders of using Ukraine as a proxy to wage war on Russia

    Lavrov accuses European leaders of using Ukraine as a proxy to wage war on Russia

    Russia’s foreign minister accuses European leaders of sacrificing national interests to fight Moscow through Ukraine, as peace talks stall and diplomatic manoeuvring continues over a US-backed proposal.

  • Ukraine peace talks set for February 4–5 in Abu Dhabi, says Zelenskyy

    Ukraine peace talks set for February 4–5 in Abu Dhabi, says Zelenskyy

    Ukraine, Russia and the United States will hold new talks in Abu Dhabi this week, President Volodymyr Zelenskyy said, as Russian strikes continued despite a temporary pause on Kyiv.

  • Why NATO’s unity is fraying and Russia watching closely

    Why NATO’s unity is fraying and Russia watching closely

    NATO’s unity and deterrence are under strain as US rhetoric unsettles allies, defence spending surges fail to restore trust, and Russia watches closely for signs of weakness within the alliance.

  • Russia agrees to Trump's request to halt strikes on Kyiv until February 1

    Russia agrees to Trump's request to halt strikes on Kyiv until February 1

    Russian attacks on Ukraine’s energy infrastructure in recent months have left large parts of Kyiv without heating during one of the harshest winters in years.

  • India could hike Russian LNG imports post Europe’s ban, says S&P Global Energy

    India could hike Russian LNG imports post Europe’s ban, says S&P Global Energy

    The European Union on Monday gave their final approval to ban imports of Russian gas by 2027

  • "Conversations were constructive": Zelensky on Ukraine-Russia-US peace talks in Abu Dhabi

    "Conversations were constructive": Zelensky on Ukraine-Russia-US peace talks in Abu Dhabi

    Zelensky said the talks, held in a trilateral format for the first time in years, focused on outlining possible parameters to end the war and on security guarantees required to sustain any future agreement.

  • Russia-Ukraine talks conclude in Abu Dhabi as Kyiv hit by massive air strikes

    Russia-Ukraine talks conclude in Abu Dhabi as Kyiv hit by massive air strikes

    US-Russia-Ukraine peace talks end in Abu Dhabi as Kyiv and northern Ukraine hit by massive Russian drones and missile strikes.

  • Two suns seen over Russia's Sakhalin? Science behind striking sky illusion 'sun dog' explained

    Two suns seen over Russia's Sakhalin? Science behind striking sky illusion 'sun dog' explained

    Sundogs, also known as mock suns or parhelia, are bright patches of light that appear to the left, right, or sometimes on both sides of the real sun.

  • Ukraine, Russia hold first direct talks on latest US peace plan

    Ukraine, Russia hold first direct talks on latest US peace plan

    The US initially drafted a plan to end the conflict that was heavily criticised in Kyiv and western Europe for being too close to Russia's line, while later proposals were criticised by Moscow for floating the idea of European peacekeepers.

  • Russia calls German spy charges 'ridiculous', vows response

    Russia calls German spy charges 'ridiculous', vows response

    Russian diplomats on Thursday made clear to the German government that "we see Berlin's approach as criminalising any contact with the residents and organisations of Donbas, including humanitarian ones," the embassy told AFP.

  • Putin offers frozen Russia assets in US to aid Ukraine

    Putin offers frozen Russia assets in US to aid Ukraine

  • Trump to meet with Zelensky as Ukraine endures a bitter winter after Russian attacks

    Trump to meet with Zelensky as Ukraine endures a bitter winter after Russian attacks

    Trump said at the World Economic Forum in Davos, Switzerland that he would meet Thursday with Zelensky.

  • Extremely heavy snowfall in Russia buries high-rise buildings. Watch

    Extremely heavy snowfall in Russia buries high-rise buildings. Watch

    Russia’s Far East was hit by record-breaking snowfall as a powerful winter storm paralysed the Kamchatka region, burying high-rise buildings up to upper floors and trapping vehicles under deep snow.

  • White House post links Greenland’s future to Russia and China, draws pushback

    White House post links Greenland’s future to Russia and China, draws pushback

    An official graphic asking “Which way, Greenland man?” drew attention not for its artwork, but for how bluntly it framed Washington’s strategic pitch.

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