State of Russian Economy: Sharp Tax Hike. Money Running Out. Vladimir Milov & Michael Nacke
Privateer Station: War In Ukraine5 Jun 2024

State of Russian Economy: Sharp Tax Hike. Money Running Out. Vladimir Milov & Michael Nacke

The money in the Russian budget is so good that taxes are being raised again. Moreover, the authorities are trying to talk people down by telling them that they will only affect the “rich” (and a rich person in Russia, as it turns out, is someone who earns more than 2,000 dollars). In fact, the main blow comes not from there, but from an increase in business income tax. And, of course, it will be transferred down to the consumer and included in retail pricing.
Everything is also great with gasoline, so much so that Russia has stopped publishing data on its production. If attacks on refineries continue, the Russian system will experience more and more problems.
This and much more in the latest economic report with Vladimir Milov.



YouTube channel of Vladimir Milov: @Vladimir_Milov

English translation by PrivateerStation

Original video in Russian: https://youtu.be/_v-dmEsp9cA

Original material by: Michael Nacke
You can support them 💰@ /macknack


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