The Russian Finance Ministry has drafted a 2026 budget and plan for 2027–2028 that will raise the general value-added tax, or VAT, from 20 to 22 percent.
The ministry said the extra revenue would go primarily toward defense and security…

The Russian Finance Ministry has drafted a 2026 budget and plan for 2027–2028 that will raise the general value-added tax, or VAT, from 20 to 22 percent.
The ministry said the extra revenue would go primarily toward defense and security…