Russia seeks more funds from commodity producers and state companies as war costs rise

Russian Prime Minister Mikhail Mishustin. Picture: SERGEI KARPUKHIN/REUTERS

The document, a copy of which was seen by Bloomberg, calls the effort part of “revenue mobilisation.” It also orders 175-billion rubles in extra spending to resettle 100,000 people from Kherson to Russia, an apparent admission that the Kremlin has little hope of retaking the Ukrainian region that its forces abandoned in the fall just weeks after illegally annexing it.

Russia is planning to wrest more money from some commodity producers and state companies and trim non-defense spending, according to a government order, as the costs of the invasion of Ukraine mount. Graphic: BLOOMBERG The Russian leader has meanwhile vowed “no limitations” on military spending for the war, with social programmes remaining the biggest single budget item. By contrast, outlays on education and medicine are feeling the pinch.

Ukraine - The Big Push To End The War Over Christmas I had a short talk with a relative about the war in Ukraine. He asked me who would win and was astonished when I said: 'Ukraine has zero chance to win.' That person reads some German mainstream news.

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