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✉news BusinessFinance first seen 13 h ago, last 3 min ago, peak #4

Putin turns to new taxes as war drains Kremlin finances

Original: As war strains Kremlin finances, Putin reaches into more pockets in search of new revenue streams

Russian President Vladimir Putin is tapping new sources of state revenue as the war in Ukraine strains the Kremlin's finances. Multiple US news outlets are carrying a report detailing how the government is reaching into more Russians' pockets through taxes and other levies to fund the war effort. The story highlights growing pressure on Moscow's budget and what it means for ordinary Russians paying the price.

Why now: Major outlets are highlighting how Russia's war costs are forcing the Kremlin to raise revenue from its own population.

Vladimir PutinKremlinRussia

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