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Putin 'asks oligarchs to donate to budget' as cost of Ukraine war soars
Putin urged oligarchs to support rising defense costs amid a 15.5 trillion rouble budget strain, with Suleiman Kerimov pledging 100 billion roubles, sources said.
- On Thursday, President Vladimir Putin held a closed-door meeting with leading Russian businessmen and asked oligarchs to donate to the state budget to stabilize finances, The Bell and The Financial Times reported.
- Billionaire Suleiman Kerimov reportedly pledged 100 billion roubles at the meeting, while metals magnate Oleg Deripaska also agreed to contribute, though Reuters could not immediately verify the claims.
- Falling energy revenues and an economic slowdown have prompted the government to consider a 10% cut to non-sensitive spending as Russia manages significant financial strain.
- Contrary to reports of financial appeals, the Kremlin denies that Putin requested war funding from businessmen, disputing claims the meeting focused on securing ad hoc contributions.
- Such ad hoc contributions represent an unstable economic fix, potentially altering elite–state funding dynamics as Russia fights a war now in its fifth year.
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81 Articles
81 Articles
The Kremlin has denied allegations that the Russian president has asked the richest businessmen and oligarchs for financial support for the war in Ukraine. According to official explanations, these are misinterpretations, but the pressure on Russian public finances due to rising military spending remains increasing.
·Ljubljana, Slovenia
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Kremlin chief Putin is said to have asked the rich of his country for financial support for the war against Ukraine. His spokesman denies this presentation - the entrepreneurs would want to donate themselves. By Björn Blaschke.
·Hamburg, Germany
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Some oligarchs also helped the state budget with their contributions.
Coverage Details
Total News Sources81
Leaning Left18Leaning Right12Center12Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
Factuality
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