Russia prepares for austerity and tax hikes on account of warfare spending – Reuters

Russia prepares for austerity and tax hikes on account of warfare spending – Reuters<p>Russia is making ready a brand new price range with tax will increase and cuts in civilian spending on account of file protection expenditures and declining oil and gasoline revenues. Economists warn of a recession threat, as over 40% of Russia's funds are directed in direction of the warfare in opposition to Ukraine.</p>