✉news BusinessFinance first seen 4 h ago, last 3 min ago, peak #9
Russia raises taxes to fund growing military budget
Original: Russia's finance ministry raises taxes to bolster military budget
Russia's finance ministry has announced tax increases aimed at strengthening the country's military budget as the war in Ukraine continues to strain public finances. The move shifts more of the funding burden onto Russian businesses and households, and has drawn attention from analysts watching how long Moscow can sustain elevated defence spending without deeper economic consequences.
Why now: Tax hikes to pay for the war highlight growing pressure on Russia's economy and finances.
RussiaRussian finance ministry
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