Russians forced to cover budget losses from Ukraine war with deposit tax – Ukrainian intel
Russians forced to pay tax on income from bank deposits (Illustrative photo: Getty Images)
The Russian authorities are compensating for budget losses at the expense of their citizens. Russians will have to pay tax on income from bank deposits for 2024, according to the press service of the Foreign Intelligence Service of Ukraine.
The Russian authorities began actively applying this tax after the start of the full-scale war against Ukraine in order to shift part of the financial losses of the budget onto citizens.
It is collected from interest on bank deposits. The introductory rate is 13%, and for those with an annual income exceeding 5 million rubles (approximately $59,000), it is 15%. Starting in 2025, a progressive scale with a maximum rate of 22% will be applied, and from 2026, taxes on deposits will be charged accordingly.
Despite the authorities' claims of "social justice," in reality, it is a means to replenish the budget quickly exhausted by military spending. In 2023, this tax generated 111 billion rubles (approximately $ 1.31 billion) for Russia.
Russian economy is in a terrible condition
Earlier, US President Donald Trump stated that the Russian economy is in a terrible condition because of the war against Ukraine.
At the same time, according to him, Ukraine has done "a very good job," as it has managed to stop the Russian army.
A little later, the American leader urged Ukraine to act in the context of the war, since the Russian economy is in decline.
At the same time, Trump demanded that European countries stop buying oil from Russia, because in this way they are in fact "funding the war against themselves."
