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.

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Ukraine rejects Putin call for Christmas truce - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Ukraine spurned an offer from Russian President Vladimir Putin for a 36-hour ceasefire over Orthodox Christmas, saying there would be no truce until Russia withdraws its invading forces from occupied land. The NATO proxy war .. Ukraine will be wiped off the map! Zelenskyy, the comedian, stripper, dancer, launderer, trafficker, actor-turned-SELECTED president. No more 💰💰💰 from FTX 👿 46 BioWeapons Labs, neutralized .. Thanks to Putin 🙏🏻 A lot of people aren't ready when opportunity strikes. Buy the dips Bitcoin always recovers if you're Patient enough. You should follow antonhendrik0 There aren’t many who have a better understanding of value investing, his tweets has been so profitable i had 95% win rate It's time for Putin to wipe that corrupted country in face of the earth
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