Russia Looks to Press Big Firms for More Cash as War Costs Mount
- Officials consider one-off fee from fertilizer, coal producers
- Budget is under pressure almost year into war against Ukraine
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Russia is planning to wrest more money from some commodity producers and state companies and trim non-defense spending, as the costs of the invasion of Ukraine mount.
Proposals include higher dividends from state companies and a “one-time payment” by fertilizer and coal producers, under instructions issued to officials by Prime Minister Mikhail Mishustin in mid-December and seen by Bloomberg.