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During a call with Bulgarian Prime Minister Nikolai Denkov, President Volodymyr Zelensky confirmed that there would be no Peace Formula Summit until early 2024, the President's office wrote in the readout of the conversation on Nov. 30.
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President Volodymyr Zelensky and Defense Minister Rustem Umerov visited a military command post in Kharkiv Oblast's Kupiansk amid Russia's ongoing offensive against the northeastern city, the Presidential Office reported on Nov. 30.
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A Russian strike on the village of Sadove in Kherson Oblast on Nov. 30 killed a 59-year-old woman, Governor Oleksandr Prokudin reported. Russian forces reportedly carried out the attack at around 11:30 a.m. using artillery.
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New York Times: Russia reports $47 billion budget deficit for 2022

by The Kyiv Independent news desk January 11, 2023 5:49 AM 1 min read
This audio is created with AI assistance

On Jan. 10, the Russian government reported its second highest budget deficit in the post-Soviet era. The New York Times reported citing Russia's finance minister that the budget gap reached 3.3 trillion rubles in 2022, or 2.3 percent of the Russian economy. "Russia’s revenues increased by 2.8 trillion rubles in 2022, or $40 billion, but that was not enough to cover rapidly increasing expenditures, which skyrocketed by 6.4 trillion rubles, or $92 billion," officials said.

The Russian government has not published a detailed breakdown of its expenditures in 2022, but it is widely assumed that the bulk of the rise can be attributed to increased military spending.

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