Russia needs huge financial resources for military operation: Finance minister

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Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said on Friday (May 27), putting the amount of budget stimulus for the economy at 8 trillion roubles (US$120 billion). Russia sent tens of thousands of troops into Ukraine on Feb 24, which prom

Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said on Friday , putting the amount of budget stimulus for the economy at 8 trillion roubles .

"Money, huge resources are needed for the special operation," Siluanov said in a lecture at a Moscow financial university. The measures would cost the federal budget around 600 billion roubles this year and about 1 trillion roubles in 2023, Siluanov said earlier this week.On Friday, Siluanov also defended capital controls and asset freezes for foreign investors from"unfriendly" countries that Moscow imposed in response to western sanctions.

 

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