Russian authorities are raising VAT to 22% to replenish the budget, as declining oil and gas revenues create a deficit, but this may lead to a reduction in the tax base.

Russian authorities are raising VAT to 22% to replenish the budget, as declining oil and gas revenues create a deficit, but this may lead to a reduction in the tax base.

@rerussia_org 23 Sep 2025, 15:27

In Russia, fuel prices have increased by 22% over the past two years, with A-98 rising by 25%, A-92 by 23%, and A-95 by 17%. Experts attribute the price increase to seasonal demand, rising costs, and a mismatch between the domestic market and exports.

@bazabazon 23 Sep 2025, 15:00