🚨 BREAKING: RUSSIA’S BANKING VAT WILL HIT CONSUMERS, NOT BANKS
Russia just brought back the standard VAT — and this time, banking operations are taxed at 22%.
Here’s the catch 👇
The extra cost isn’t landing on banks. It’s landing on businesses through higher fees for acquiring, processing, and interbank settlements.
And businesses are already doing what they always do: 👉 Passing it straight to consumers.
That means higher prices across goods and services 💸📈
The government expects around 30B rubles in additional revenue, but the real price will be paid by everyday people. Analysts are warning this could push inflation higher, especially for daily essentials.
Same old story: When financial operations get taxed, banks stay protected —
consumers quietly pick up the bill.
This could be the first domino in a new wave of hidden costs reshaping Russia’s economy in the months ahead.
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