US EditionPutin 'asks oligarchs to donate to budget' as cost of Ukraine war soars
Putin urged oligarchs to support the budget amid a 15.5 trillion rouble defense cost and economic slowdown, with pledges like Kerimov's 100 billion rouble donation.
- On Thursday, President Vladimir Putin met with business leaders and requested financial donations to stabilize state finances amid Russia's ongoing invasion of Ukraine.
- Facing falling budget revenues and economic slowdown, Russia is preparing a potential 10% cut to all non-sensitive spending to fund the war in its fifth year.
- Billionaire Suleiman Kerimov reportedly pledged 100 billion roubles at the meeting, though calls to his office for verification went unanswered on Friday.
47 Articles
47 Articles
Faced with the exhaustion of its funds and Western sanctions, Vladimir Putin would have organized a secret meeting with great Russian fortunes to support the economy in times of war. ...
Russian President Vladimir Putin has asked the country's oligarchs for help in stabilizing the country, as the cost of the war in Ukraine mounts. At least two of the businessmen he spoke to, including Oleg Deripaska, have agreed. But the Russian government is looking for more ways to raise additional funds at a time of high budget deficits. It needs them despite the extraordinary profits generated by high oil prices due to the conflict in Iran.
After four years of war of aggression against Ukraine, Russia's state budget has fallen to a minimum, which, according to Vladimir Putin, seems to be seriously occupied with media reports.
Putin Denies Requesting War Funds from Business Leaders
Kremlin spokesman Dmitry Peskov stated that President Vladimir Putin did not ask Russian businessmen to donate funds for the Ukraine war during a private meeting. Contrary to a report by The Bell media outlet, an attendee suggested financial contributions to the state, which Putin reportedly welcomed.
President Vladimir Putin has asked Russian oligarchs in Russia to donate to the state treasury to continue the war in Ukraine. That…
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