Russian law enforcement guard the Red Square near the Kremlin on June 24, 2023 in Moscow, Russia, amid the Wagner Group's ongoing armed rebellion in Russia. (Contributor/Getty Images)
A Russian ‘exit tax’ on foreign companies leaving the country has netted the Kremlin $385 million since the start of 2024, already surpassing predictions for the full year, Reuters reported on March 20.
After the launch of the full-scale invasion of Ukraine, Russia saw an exodus of Western companies reluctant to contribute to the country’s economy and therefore the war effort.
While the Kremlin could do little to stop them leaving, it imposed stricter exit requirements, including approval from a special government commission, a 50% discount on sales, and an “exit tax” worth at least 10% of the sale.
The total taken so far in 2024 exceeds the Kremlin’s budget plan for the entire year by 17 times, Bloomberg reported.
Chris York is news operations editor at the Kyiv Independent. Before joining the team, he was head of news at the Kyiv Post. Previously, back in Britain, he spent nearly a decade working for HuffPost UK. He holds an MA in Conflict, Development, and Security from the University of Leeds.
The two leaders will discuss bilateral cooperation in the "energy, economic, and defense fields," as well as progress in preparing security guarantees for Ukraine under the "Coalition of the Willing" framework.
An unidentified drone was sighted over a gunpowder plant in southwestern France on Nov. 12, following similar incidents just two days earlier, BFM TV reported, citing prosecutors.
Ukrainian drones struck the Russian port city of Novorossiysk on Nov. 14, damaging an oil terminal and sparking a large fire, multiple Russian Telegram channels reported.
Ukrainian drones struck a military base in occupied Crimea used for the storage and maintenance of Russian "Orion" drones, Robert "Madyar" Brovdi, the commander of Ukraine's Unmanned Systems Forces, reported on Nov. 13.
President Volodymyr Zelensky is expected to visit Greece over the weekend to sign an agreement in the energy sector, a source close to the Presidential Office told the Kyiv Independent on Nov. 13.
Saakashvili requested the status "with the corresponding legal consequences," adding that "Ukrainians never abandon their own." Kyiv has previously managed to free civilian Ukrainian captives during exchanges with Moscow.
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Sebastian Shehadi
