# Putin reaches for cash with new taxes on miners and savers as war spending swells Russia’s deficit to $72 billion

- Source: Fortune | FORTUNE
- Published: 2026-10-29T22:17:10+00:00
- Category: Business
- Original: https://fortune.com/2026/10/29/russia-tax-hikes-miners-savers-war-deficit-putin/
- Canonical: https://groundlevelnews.com/story/putin-reaches-for-cash-with-new-taxes-on-miners-and-savers-as-war-spen-d7986a/

The government proposes a 20%-30% windfall profits tax on mining companies that have benefited from prices that have risen since last year.

_Ground Level News shows a short summary only; the full article and all rights belong to Fortune | FORTUNE._