俄罗斯央行储备美元：658亿美元对比6456亿美元。俄罗斯央行储备美元：658亿美元对比6456亿美元

Russia Central Bank Reserves $: $658B vs $645.6B.Russia Central Bank Reserves $: $658B vs $645.6B

根据财政部的初步数据，俄罗斯联邦政府在2025年前三个月的预算缺口为2.17万亿卢布，占国内生产总值的1.1%，与去年同期的0.61万亿卢布相比急剧扩大。这一时期的支出为11.22万亿卢布，收入为9.05万亿卢布。俄罗斯的财政赤字目标为GDP的0.5%，即1.17万亿卢布，而2024年的赤字为340亿卢布，即1.7%。

The Russian Federal Government recorded a budget gap of RUB 2.17 trillion in the first three months of 2025, or 1.1% of the GDP, widening sharply from RUB 0.61 trillion in the same period a year ago, according to preliminary data from the finance ministry. Spending during this period amounted to RUB 11.22 trillion while revenues totaled RUB 9.05 trillion. Russia is targeting a fiscal deficit of 0.5% of GDP, or RUB 1.17 trillion compared to a shortfall of RUB 34 billion, or 1.7% in 2024.

由于特朗普总统宣布全面征收新关税引发的广泛市场抛售，MOEX俄罗斯指数跌至2700点，为去年12月以来的最低水平。投资者对美国主要贸易伙伴的关税规模措手不及。此举加剧了贸易紧张局势，中国对美国商品征收34%的关税，欧盟威胁称，如果谈判失败，将采取反制措施。随着原油价格跌至2021年4月以来的最低水平，石油库存大幅下跌，因担心全球经济衰退将抑制需求而加剧损失。银行业也表现不佳，俄罗斯联邦储蓄银行（Sberbank）一个月内下跌超过10%，俄罗斯石油公司（Rosneft）下跌超过16%，卢克石油公司（Lukoil）下跌超过11%，诺瓦泰克公司（Novatek）下跌超过14%，俄罗斯天然气工业股份公司（Gazprom）下跌超过25%。

The MOEX Russia Index dropped to the 2,700 level, its lowest since December, amid a broad market selloff triggered by President Trump’s announcement of sweeping new tariffs. Investors were caught off guard by the scale of duties on key U.S. trading partners. The move escalated trade tensions, with China imposing 34% tariffs on U.S. goods and the EU threatening countermeasures if talks fail. Oil stocks fell sharply as crude prices dropped to their lowest since April 2021, deepening losses on fears a global recession will curb demand. Banks also underperformed, with Sberbank down over 10% in a month, Rosneft over 16%, Lukoil more than 11%, Novatek over 14%, and Gazprom more than 25%.

由于美中贸易紧张局势加剧了对经济衰退的担忧，油价下跌，俄罗斯卢布跌破86美元，为三周多来的最低水平。俄罗斯的主要出口产品石油跌至2021年4月以来的最低水平，加剧了上周因担心全球经济衰退将抑制需求而造成的损失。周五，中国宣布对美国商品征收34%的关税，以回应特朗普总统最近的关税上调，加剧了人们对全面贸易战的担忧。俄罗斯央行警告称，关税可能会减缓全球经济增长，推动通货膨胀，并使油价在多年内保持较低水平。尽管最近有所下跌，但卢布兑美元汇率今年仍上涨了24%左右，主要是出于缓解地缘政治风险的希望。

The Russian rouble weakened past $86, its lowest in over three weeks, pressured by falling oil prices as US-China trade tensions intensified recession fears. Oil, Russia’s key export, dropped to its lowest level since April 2021, deepening last week’s losses on concerns that a global downturn will curb demand. On Friday, China announced 34% tariffs on US goods in response to President Trump’s latest tariff hikes, reinforcing fears of a full-scale trade war. Russia’s central bank warned that the tariffs could slow global growth, drive inflation, and keep oil prices lower for years. Despite the recent dip, the rouble remains up around 24% against the dollar this year, largely on hopes for easing geopolitical risks.