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Russia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and economic assumptions fall short, according to analysts. The country's budget plans project Brent crude prices averaging $85 per barrel next year, but there are concerns the Urals price could fall below $60 in 2024-2026.
Russia could miss its 2024 revenue target and be forced to hike business taxes if the rouble proves stronger than expected in the budget and optimistic economic assumptions fall short, analysts...
A recent report by JPMorgan Chase placed Russia first in the world in the manufacturing business activity index, despite nearly two years of Western sanctions aimed at strangling the Russian economy.
Top stories from the Russian press on Thursday, September 21st