Wealthiest Russians fund 1% of Russia's state spending through 'voluntary' donations in 2026
The donations were logged as voluntary receipts and topped the corporate windfall tax, according to budget documents.
- Russia's wealthiest people provided 471 billion roubles in 'voluntary' wartime donations this year, covering over 1% of total government spending after discussions with President Vladimir Putin in March, state budget documents showed.
- The contributions stem from a closed-door March meeting where the Kremlin reported one participant offered a 'very large sum of money' and argued wealthy Russians have a 'duty' to contribute to the state budget.
- These payments helped reduce the national budget deficit to 3.2% of GDP rather than 3.4%; marked as 'voluntary receipts' in budget records, the contributions exceeded revenues from the corporate windfall tax.
- Beyond donations, the government plans to generate 385 billion roubles in 2026 from sales of assets seized from private businesses, marking the largest redistribution of property since the 1990s privatizations.
- As the war in Ukraine nears the end of its fifth year, the government prepares for 2027 tax hikes on bank deposits expected to bring 1 trillion roubles, while military spending reaches 38% of the budget.
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13 Articles
More than 1 percent of Russia’s state spending this year has been covered by the wealthiest Russians. According to state budget documents, they did so as part of “voluntary” war donations that President Vladimir Putin discussed with Russian businessmen in March. A full list of people who attended the March meeting with Putin is not available.
THE RICHEST Russians are financing the state budget with "voluntary" donations while the record costs of the war in Ukraine are deepening the budget deficit.
Wealthiest Russians fund 1% of Russia's state spending through 'voluntary' donations in 2026
MOSCOW, Oct 2 - Russia's wealthiest people have covered over 1% of government spending this year through 'voluntary' wartime donations discussed with President Vladimir Putin in March, state budget...
Wealthiest Russians fund 1% of Russia's state spending through ...
The donations were discussed at a closed meeting of Russian billionaires with President Vladimir Putin in March. Most of the participants of the meeting are under
The donations were discussed with Putin in a closed-door meeting. The article Russia: The richest "donate" $5.6 billion to the state appeared first on Documento.
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