The Moscow Times
Europe · 4 hrs ago
✦ 72◉ Centre
Russian Billionaires Donate $3Bln to State Treasury as Deficit Widens – Expert
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Quality 72/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Russian billionaires have donated $3 billion to the state treasury as Russia faces widening budget deficits; analysts note the donation could cover up to 15% of the shortfall but remains small relative to overall government spending.
Russian Billionaires Donate $3Bln to State Treasury as Deficit Widens – Expert
Analysts said that while the money represents a fraction of total government spending, it can plug up to 15% of the country’s soaring budget shortfall.
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