Russia is facing its long expected fiscal squeeze this fall, as its liquid national welfare fund reserves are running out.
Putin is raising VAT from 20% to 22% on January 1 but that will not be enough.
More expenditure cuts are needed.
ft.com/content/5670b847-02b9…— Anders Åslund (@anders_aslund) Sep 25, 2025
The post Russia is facing its long expected fiscal squeeze this fall, as its liquid national welfare fund reserves are running out. Putin is raising VAT from 20% to 22% on January 1 but that will not be enough. More expenditure cuts are needed. https://www.ft.com/content/5670b847-02b9-49ae-bf0c-98eb26a52a62 first appeared on JOSSICA – jossica.com.
