[HIGHLIGHTS] “Tax mobilization” for the Ukraine war: Putin wants to tax high incomes

“Tax mobilization” for the Ukraine war: Putin wants to tax high incomes. Russia's gross domestic product (GDP) grew by 3.6 percent in 2023.

However, the war-important industry accounts for the largest share with growth of 35 percent. Russia is posting a budget deficit of 3.24 trillion rubles (about $33 billion) This corresponds to 1.9 percent of GDP. Financing the attack on Ukraine costs the Russian state about $300 million a day.