Putin promotes Finance Minister Anton Siluanov
Russian President Vladimir Putin promoted Finance Minister Anton Siluanov to deputy prime minister in a cabinet reshuffle. The move aims to enforce fiscal discipline and maintain macroeconomic stability as war spending and budget deficits grow.
Russia promoted Finance Minister Anton Siluanov to deputy prime minister on Monday afternoon to tighten fiscal control. The reshuffle follows a doubling of the 2026 budget deficit forecast to 3.2% of GDP. The appointment aims to protect stability as military expenditure hits post-invasion highs.
