Russia raises taxes to fund Putin’s military budget
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Event Brief

Russia raises taxes to fund Putin’s military budget

Filed: Sep 27, 2026 at 5:07 AM ET
Summary: Russia’s finance ministry has raised taxes to help bolster President Vladimir Putin’s military budget. The move is aimed at addressing a widening budget deficit linked to more frequent Ukrainian long-range strikes and Russia’s growing spending to counter them.
WHO: Russia’s finance ministry
WHAT: Raised taxes to bolster Russia’s military budget amid a widening budget deficit.
WHEN: Sep 27, 2026 at 1:30 AM ET
WHERE: Russia
WHY: To bolster the military budget as more frequent Ukrainian long-range strikes on strategically important targets deepen Russia’s budget deficit and drive higher counter-attack spending.

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