Monday, February 13, 2023

RUSSIAN TREASURY ASKING BIG-BUSINESS TO HELP FUND BUDGET DEFICIT

The Russian government is relying on a mixture of business donations, windfall taxes, and national reserves to make up an unexpected budget shortfall.

That's according to analysis published by independent Russian media working abroad, which has found sanctions on oil and gas revenues — and a major increase in defence spending — have required the Finance Ministry to take action.

Stuart Smith has the details, from Moscow.

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