Category: World

World

State Duma Passes 2026-28 Budget and Tax Increase Bills Текст: State Duma lawmakers on ThursdaypassedRussia’s three-year federal budget and a package of tax increases, bills aimed at shoring up government revenues as spending on the war against Ukraine remains a top priority for the Kremlin. Under the budget plan, the government expects revenue of 40.3 trillion rubles ($491.7 billion) next year and spending of 44 trillion rubles ($548.3 billion), leaving a projected deficit of 3.8 trillion rubles ($47.3 billion). Defense and national security will account for roughly 38% of all spending in 2026, or 16.8 trillion rubles ($209.5 billion), which is slightly lower than in the previous two years but still far above pre-war levels. Lawmakers sought to highlight funding for domestic programs, including more than 10 trillion rubles ($124.6 billion) for family support measures and 50 billion rubles ($623 million) for a state-backed charity foundation that assists soldiers fighting in Ukraine and their families. Although overall spending will remain broadly stable, budget allocations reveal that the Kremlin’s priorities continue to lie in foreign policy and defense. Alongside the budget plan, the State Duma approved a series of tax changes aimed at closing the fiscal gap created by soaring military expenditures and falling oil and gas revenues under Western sanctions. Russia’s value-added tax (VAT) will increase to 22% from 20%, a move expected to raise consumer prices higher. Economists, including those at the Financial Ministry, havesaidthey anticipate a modest rise in inflation as the VAT hike takes effect starting next year. More small businesses will also be swept into the tax system. The annual revenue threshold for companies required to pay VAT will drop from 60 million rubles ($732,000) to 10 million rubles ($122,000). Some lawmakers havewarnedthat the change could strain small businesses and individual entrepreneurs, many of whom earn less than 200,000 rubles ($2,500) a month after taxes and salaries. Economists estimate the full package, which also includes a new levy on betting company profits, could bring in nearly 3 trillion rubles ($35 billion) in additional revenue. State Duma Speaker Vyacheslav Volodin said Thursday that lawmakers had approved the federal budget and tax hikes “under difficult circumstances,” citing more than 30,000 sanctions imposed on Russia and what he called “unfriendly actions” by the EU targeting Russian assets. The 2026-28 budget passed with 349 votes, while 56 lawmakers — mostly from the Communist Party — abstained. Only one deputy, Anton Krasnoshantov of the ruling United Russia party, was recorded as voting against the bill, though his “no” vote was allegedly the result of a technical error. The federal budget and tax bills now head to the Federation Council, where they are expected to receive swift approval before being sent to President Vladimir Putin’s desk for his signature.

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On Thursday, lawmakers in the State Duma passed Russia’s federal budget for the next three years, along with a series of tax hikes designed to bolster government revenues amid continued priority spending on the war in Ukraine by the Kremlin. The proposed budget anticipates government revenues of 40.3 trillion rubles ($491.7 billion) for the upcoming […]

World

Power Outages Worsen in Occupied Donetsk as Ukrainian Strikes Target Energy Infrastructure

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Almost two-thirds of energy consumers in the Donetsk region of eastern Ukraine, which is under occupation, were left without electricity on Tuesday following a second consecutive night of Ukrainian strikes targeting local energy facilities, as reported by officials aligned with the Kremlin. Denis Pushilin, the Moscow-backed leader of the Donetsk region, described the overnight strikes […]

World

Airports Poised for Reopening as Russian Authorities Await Military Green Light

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On Friday, Russian civil aviation officials announced that all airports that were closed following the onset of the full-scale invasion of Ukraine are ready to reopen, pending final approval from the Defense Ministry. In February 2022, flights were halted at 11 airports located in southern and central Russia due to safety concerns after President Vladimir […]

World

Trumps Ultimatum: Zelensky Must Embrace Controversial Peace Proposal by November 27

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On Friday, U.S. President Donald Trump encouraged Ukraine to accept his administration’s proposal to end the conflict with Russia by surrendering territory, asserting that Ukrainian President Volodymyr Zelensky would “have to be okay with it.” “He’s going to have to accept it, and if he doesn’t, then they should continue fighting,” Trump remarked to reporters […]

World

Poland Expels Russia’s Last Diplomatic Presence Amid Sabotage Allegations

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Poland will revoke permission for Russia’s last operating consulate in the country, Polish Foreign Minister Radosław SikorskisaidWednesday, after Warsaw accused Moscow of orchestrating acts of sabotage against its national rail network. “I have decided to withdraw consent for the operation of the Russian consulate in Gdansk,” Sikorskitoldreporters, adding that the move was in response to […]

World

UK Issues Stark Warning to Russia as Naval Incursion Escalates Tensions

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The British government issued a warning to the Kremlin on Wednesday, following reports that a Russian military vessel had entered U.K. waters and aimed lasers at British pilots. Defense Secretary John Healey informed journalists in London that this was the ship’s second incursion into U.K. waters this year, with the first occurrence happening in January. […]

World

Record High Russian LNG Imports by China Reflects Shift in Global Energy Markets

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China recorded an unprecedented import of 1.299 million metric tons of Russian liquefied natural gas (LNG) in September, as per the customs data released by Chinese authorities on Thursday. This figure represents an approximately 73% increase compared to September 2024, when imports stood at 751,000 tons, according to the Interfax news agency. The previous monthly […]

World

Novorossiysk Oil Terminal Restarts Operations Promptly After Ukrainian Strikes

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Oil shipments from the Black Sea port of Novorossiysk in Russia have restarted, as announced by energy officials in Kazakhstan on Monday, just days following a Ukrainian airstrike that damaged infrastructure at the terminal. Kazakhstan’s Energy Minister Erlan Akkenzhenov informed reporters that “all operations” at the Sheskharis oil transshipment facility have returned to normal, as […]

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