Putin Squeezes $4.6 Billion From Businesses Through “Voluntary Contributions” to Plug Budget Deficit
Most of the money came after March as Russia’s budget deficit reached 6.455 trillion rubles, Finance Ministry data showed.
6 Articles
6 Articles
Putin Squeezes $4.6 Billion From Businesses Through “Voluntary Contributions” to Plug Budget Deficit
Large Russian businesses have been forced to transfer hundreds of billions of rubles to the federal budget following Vladimir Putin’s demand for so-called “voluntary contributions” as the country struggles with a record budget deficit. AAccording to Vedomosti on August 18, as of mid-August, so-called gratuitous payments to the federal budget had reached 383.69 billion rubles (about $4.6 billion). Before Putin’s March meeting with representatives…
Russian businessmen "donated nearly 400 billion rubles to the budget (i.e. about 4 billion euros), but The Moscow Times writes that in the meantime, Russia's federal budget deficit for the period January-July has reached 6,455 trillion rubles. Russian businessmen have transferred hundreds of billion rubles to...
‘Voluntary donations’ by Russian businesses to state budget hit a record sum since start of 2026
Russian businesses made 383.69 billion rubles in non-repayable contributions to the federal budget during the first eight months of 2026 — almost one and a half times the total for all of last year.
For seven months, entrepreneurs paid UAH 328.6 million of single tax to the community budget
The free revenue from the Russian budget by mid-August was 383.7 billion roubles, calculated by Vedomosti on the basis of data from the "Electro budget." This is one and a half times the amount of 251.3 billion roubles in the past year. This budget line came into existence only in 2022, against the backdrop of sanctions due to the war in Ukraine. In previous years, most of the budget was financed by a "exit tax" for foreign businesses. "But this…
Russia's business has transferred 383.69 billion rubles of "voluntary donations" to the federal budget since the beginning of 2026, writing "Vedomes".
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