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Russian Finance Ministry Proposes Raising VAT to Help Fund Ukraine War

2025-07-25T071702Z_779438997_RC2GTFAKPJ9I_RTRMADP_3_RUSSIA-CITYSCAPE

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Reuters

12:33 JST, September 25, 2025

MOSCOW, Sept 24 (Reuters) – Russia’s finance ministry proposed raising the rate of value-added tax on Wednesday to 22% from 20% in 2026 to fund military spending and help curb a swelling budget deficit, in what would be the fifth year of the war in Ukraine.

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