Compensation for Wagner mercenaries' families impacting Russia's economy.
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.
Reading Insights
Total Reads
1
Unique Readers
3
Time Saved
2 min
vs 3 min read
Condensed
80%
436 → 88 words
Want the full story? Read the original article
Read on Yahoo Finance