Russia

Moscow plans this year to cut financing for the four Ukrainian regions it partially occupies,the Russian edition of Forbesreported Tuesday, citing budget figures.The Kremlin claims to have annexed parts of Ukraines Donetsk, Luhansk, Zaporizhzhia and Kherson regions, a move widely condemned by the international community.Last year, the four regions received some 513 billion rubles ($5.8 billion) in subsidies from the Russian state budget, according to Forbes.In 2024, those subsidies will reportedly drop to 303 billion rubles ($3.4 billion) as the Kremlin continues to solidify control over the occupied territories.The new regions are expected to be more financially independent, Forbes writes.Between 80% and 90% of the regional budgets in occupied Donetsk, Luhansk, Zaporizhzhia and Kherson were subsidized by Moscow in 2023.This year, Forbes reports that their dependence on the Kremlins coffers will fall to between 60% and 75%.But those projections are subject to change depending on the military situation.As Forbes writes, in 2023 the Donetsk region received 37% more in subsidies than planned while also doubling its own revenues from 25 billion rubles to 51 billion rubles.Subsidies are not the only source of income for the four Russian-occupied territories in southern and eastern Ukraine.Russia has a 2024-26 state recovery and development program valued at 900 billion rubles ($10.2 billion) and is partly financed by 26 Russian regions including Moscow.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Russia Demanded 'Neutralization' of Ukraine in Early Peace Treaty – Reports


Putin Met North Korean Foreign Minister, Kremlin Says


[Russia] - Russia to Intervene Against Seoul, Pay $200M for N. Korean Troops-- South Korean Lawmaker


Over 3,300 Foreigners Have Received Russian Citizenship for Fighting in Ukraine, Official Says


Steve Jobs Was Like Hitler, Russian State TV Boss Says


[Russia] - Indonesia, Russia Kick Off First Joint Naval Drills


Russia Claims Captured Ukraine Village Near Logistics Hub: Defense Ministry


[Russia] - Moscow Denies 'Baseless' Claim Russia Behind Fake United States Election Video


[Russia] - Butter Prices Spike in Russia. Dairy Producers Blame Ice Cream


[Russia] - Eliminated Anti-Kremlin Activist Dadin Buried in Kyiv 'Without Permission,' Widow Claims


Russians Weary of War, Turning to TV for Distraction, Moscow Patriarch Says


Russian Investigators Launch Probe Into Deadly Drone Attack on Kursk Region Convent


[Russia] - Banished Businessman Chichvarkin Says He's Leaving Russia's Opposition, Citing Infighting


North Korea Says It Will Stand by Russia Until ‘Victory’ Over Ukraine


Russia Says Repelled Large Wave of Ukrainian Drone Attacks


[Russia] - Russia Jails Former U.S. Consulate Employee Nearly 5 Years for 'Collaborating' With Foreign State


[Russia] - U.S. Says North Korean Troops Ready for Ukraine Combat as Missile Raises Tensions


[Russia] - As Russia Advances in the Donbas, Ukraine Faces a New Surge of Displacement


[Russia] - Finland Charges Russian Nationalist Fighter With War Crimes Allegedly Committed in Ukraine


Russia’s Constitutional Court Lifts Statute of Limitations for Anti-Corruption Asset Seizures


[Russia] - Germany Charges Russian Dual National Over Alleged Terror Plot


Russian Lawmaker Calls for Ban on Halloween in Schools


[Russia] - 3 Killed, 35 Wounded in Russian Strike on Ukraine's Kharkiv





66