The Ministry of Finance will act with an eye to the Central Bank policy, increasing budget spending in response to a tightening of monetary policy and vice versa - Siluanov

We are adjusting tax policy to the current challenges, we can not talk about its immutability in the coming years, but all decisions will be balanced, the official added.

Russia's debt service costs are already reaching 400 billion rubles per year, and will exceed 2 trillion rubles in 2025, even with moderate borrowing, said Siluanov.

The official noted that Russia's debt service costs have reached 1.4 trillion rubles a year, before the pandemic they were exactly half that.