The next to last Russian bond sale for the quarter happened today. Result? Bond sales dropped off ~½ from Day 11, which still wasn't nearly on track to their goal, potentially due to low financial industry liquidity. (see thermometer below.)
In short, the government is looking at raising ½ of their goal. The missing ½ is a big, huge hole in the budget.
But wait... it gets worse! Russia's Gaidar Institute expects the deficit to be 4.3T Rubles; slightly over 2X what the govt. recently predicted.