Finance
Kremlin on Reuters Fiscal Fund Report: These Issues Are Currently Being Worked Out
Published by Global Banking & Finance Review®
Posted on March 24, 2026
1 min readLast updated: March 24, 2026
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The Kremlin confirmed that discussions are underway to resolve the postponement of its plan to boost long-term fiscal reserves, with economic issues being addressed in President Putin’s economic meetings. Officials cited oil price volatility due to the Iran war as the reason for the delay.
Kremlin Addresses Reports on Postponement of Russia's Fiscal Reserve Plans
Kremlin Response to Fiscal Reserve Postponement Reports
MOSCOW, March 24 (Reuters) - The Kremlin on Tuesday, when asked about a Reuters report that Russia was postponing a plan to boost long-term fiscal reserves, said that the issues were being worked out and that they were being discussed at President Vladimir Putin's meetings on the economy.
Background on Fiscal Reserve Plans
Reuters' sources said on March 23 that the government would now postpone a plan to boost long-term fiscal reserves due to the oil price spike triggered by the Iran war.
Official Kremlin Statement
"This is the prerogative of the government," Kremlin spokesman Dmitry Peskov told reporters when asked about the Reuters report. "These issues are discussed at meetings on economic issues with the participation of the head of state. These issues are currently being worked out."
Reporting and Editorial Credits
(Reporting by Dmitry Antonov; Writing by Anastasia Teterevleva; editing by Guy Faulconbridge )
Key Takeaways
- •The planned increase in Russia’s long‑term fiscal reserves has been postponed due to the oil price spike triggered by the Iran war, as reported by Reuters on March 23.
- •Kremlin spokesman Dmitry Peskov said the issue is under active discussion in meetings on economic matters involving President Putin, and is being worked out (“These issues are currently being worked out”).
- •Contextually, Russia is facing mounting budget pressures from slumping oil and gas revenues, severe deficits in early 2026, and dwindling National Wealth Fund reserves—heightening the complexity of fiscal planning.
Frequently Asked Questions about Kremlin on Reuters fiscal fund report: these issues are currently being worked out
1Why is Russia postponing its plan to boost fiscal reserves?
According to sources, Russia is postponing the plan due to a spike in oil prices triggered by the Iran war.
2What did the Kremlin say about the reported postponement?
The Kremlin stated that issues regarding fiscal reserves are being worked out and discussed at economic meetings with President Putin.
3Who has the authority over decisions about Russia’s fiscal reserves?
The government has the prerogative over these decisions, according to Kremlin spokesman Dmitry Peskov.
4When were the discussions about fiscal reserves reported?
Reuters reported on March 23 that sources indicated a postponement, which the Kremlin addressed on March 24.