Russian Billionaires Donate $3 Billion to State as Budget Deficit Grows
By
The Moscow Times
Good intentions, undercooked execution. The bake is missing.
Summary
The Moscow Times reports that Russia's wealthiest businessmen have donated approximately 220 billion rubles ($3 billion) to the state treasury, according to the business magazine Expert. This comes months after a billionaire proposed "voluntary" corporate contributions to help cover the government's widening budget deficit. The article is framed within the context of The Moscow Times being designated as an "undesirable" organization by Russian authorities, which criminalizes their work and puts staff at risk of prosecution.
Key quotes
· 3 pulledSome of Russia's wealthiest businessmen are believed to have donated around 220 billion rubles ($3 billion) to the state treasury
Russia's Prosecutor General's Office has designated The Moscow Times as an 'undesirable' organization, criminalizing our work and putting our staff at risk of prosecution
The authorities claim our work 'discredits the decisions of the Russian leadership.' We see things differently: we strive to provide accurate, unbiased reporting on Russia.
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