December saw Moscow tightening its purse strings. The Kremlin adjusted spending levels to keep fiscal deficits aligned with the government's revised ceiling—a move that signals caution amid falling oil revenues. When crude prices slide, Russia's revenue streams contract sharply, forcing policy makers to make hard choices. This kind of fiscal stress in major economies often ripples through global markets, including crypto sentiment, as investors recalibrate risk appetite and track capital flows across asset classes. The oil-fiscal linkage is a reminder of how macro headwinds can reshape investment behavior beyond traditional markets.