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Russia’s tax hikes were meant to shore up the federal budget. They may be pushing the economy underground.
Summary by Meduza
2 Articles
2 Articles
Russia’s tax hikes were meant to shore up the federal budget. They may be pushing the economy underground.
Amid higher taxes, tighter scrutiny of bank accounts, and internet outages, many Russians are turning to cash Check Index, the analytics unit of Platform OFD — Russia’s largest fiscal data operator — reported that the share of cash payments in total transactions rose to 30 percent in April, up 5 percentage points from the same period in 2025, when it stood at 25 percent. The figure is especially high — above 35 percent — in sectors including gro…
·Riga, Latvia
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In Russia, due to the war, the high cost of capital, labor, goods, as well as high taxes, began to oppress the civilian sectors of the economy. This led to a dual economy — an overheated military industry and the stagnation of the civil sector.
·Ukraine
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Total News Sources2
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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