via businessinsider:
Russia’s finance ministry did not quantify the impact of the ban and price cap on Russian crude but the Centre for Research on Energy and Clean Air, a Finnish think tank, estimated in January that the ban and price cap was costing the Kremlin over $170 million a day.
In sharp contrast, Russia’s expenditure has seen a massive jump — the country’s spending jumped 34% to 8.1 trillion rubles over the same first quarter period, per the finance ministry data.
The Russian finance ministry did not explain why expenditures spiked so sharply, but the country’s defense spending went over budget by 54% in 2022, according to Gaidar Institute, an independent Moscow-based think tank, Reuters reported on April 4.
The country is likely to continue plowing money into defense and security, with combined spending expected to hit 9.4 trillion rubles in 2023, according to a Reuters budget analysis in November. That’s nearly one-third of the national budget.
But: Ukraine’s air defence could be ‘out of ammunition this week’ leaked US documents suggest.