Russia: Strategic developments in Moscow
Russian Billionaires Fund 1% of State Budget in ‘Voluntary’ War Levy Russian billionaires contributed 471 billion rubles ($5.6 billion) in “voluntary” wartime donations to the federal budget following a closed-door meeting with Vladimir Putin, funding over 1% of state outlays as the 2026 deficit doubled to 3.2% of GDP. Facing soaring military expenditure, Moscow is also extracting billions from seized private assets while planning record defense budgets and deep welfare cuts for 2027.
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