Russia· Rostov-on-DonRussia's domestic economic developments: new taxes, turkey production, and capital attraction
Russia is implementing new taxes on smartphones and laptops, celebrating a successful turkey production company, and discussing strategies to attract domestic capital for economic growth.
Background
Russia faces ongoing economic challenges, exacerbated by international sanctions following its invasion of Ukraine. The government is actively seeking ways to stimulate domestic growth, manage capital, and fund state operations amidst these pressures. These efforts are part of a broader strategy to adapt to a changing global economic landscape.
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Russian Economic and Business Developments
First report 5h agoLast update 2h agoA 'technology collection' tax on smartphones and laptops will be introduced to help fill the federal budget deficit.
Russian company Damate is a global leader in turkey production, ranking third worldwide by production volume.
Putin has approved the use of Russian pensioners' money to stimulate the economy through 'growth funds'.
The Moscow Fashion Week/BRICS Fashion Summit generated 350 million rubles in deals and established international partnerships for Russian designers.
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