Compensation for Wagner mercenaries' families impacting Russia's economy.

1 min read
Source: Yahoo Finance
TL;DR Summary

Families of Wagner Group mercenaries killed in battle are given compensation of about $60,000, which is paid in cash and not put in banks to avoid tax or other scrutiny. This has led to more than $1 billion in cash being in circulation, affecting Russia's economy and contributing to the growing "shadow economy" that reduces the amount of tax revenue needed to fund Putin's war. The number of payouts may have also contributed to Russia's economy becoming increasingly cash-based, suggesting falling confidence in the stability of Russian banks.

Share this article

Reading Insights

Total Reads

1

Unique Readers

3

Time Saved

2 min

vs 3 min read

Condensed

80%

43688 words

Want the full story? Read the original article

Read on Yahoo Finance