Putin buys off the poor, writes off middle class with war budget

13 Jan 2023 · 3 min read

Editor's Note

Russia’s fiscal position remains fairly strong, despite the war in Ukraine. That has allowed the government to provide significantly more support to the country's poorest families, Bloomberg reports.

Alexei Malov's dream was to own a white Lada.

When his family in the Saratov region received a payment in compensation for their son's death fighting in Ukraine, it went to buy just the car he'd wanted, according to a report aired on Russian state television last year.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content