Russia’s budget surplus has nearly evaporated this year, reflecting rising expenditures from the war in Ukraine and falling oil and gas revenues.⁠ ⁠ The country’s energy flows to Europe have fallen since Moscow's invasion of Ukraine in February, weighing on government finances.⁠ ⁠ On a monthly basis, the budget has been negative since June, according to Financial Times calculations of the official data. ⁠ ⁠ The budget surplus is likely to turn negative in the 10 months to the end of October if the trend continues.