Russia Proposes VAT Hike to 22% for Military Funding Amid Economic Concerns
Published on: Sept. 24, 2025, 4:43 p.m. | Source: Devdiscourse
Russia's finance ministry has proposed raising the VAT to 22% by 2026 to fund the Ukraine war's defence and security needs. The increase aims to generate additional revenue despite the potential for higher inflation. The proposal highlights Russia's economic challenges amid plummeting growth expectations.
