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Event Brief

Can This Russian Bakery Survive a 3,500% Tax Increase?

A small-business owner near Moscow faces severe challenges due to a massive tax hike amid Russia's economic crisis.
WHO: small-business owner
WHAT: facing a 3,500% tax increase
WHEN: Mar 28, 2026 at 5:00 AM ET
WHERE: Moscow
WHY: The tax increase is a direct consequence of the war-drained economy.
Sources (1): New York Times

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