Stock Groups

Russia will need huge financial resources for military operation, Finance Minister says -Breaking

[ad_1]

© Reuters. Tanks carrying pro-Russian soldiers drive down a street in Ukraine’s conflict with Russia in Popasna, Luhansk Region (Ukraine May 26, 2022). REUTERS/Alexander Ermochenko

(Reuters) – Russia needs huge financial resources for its military operation against Ukraine, Anton Siluanov from the Finance Ministry said on Friday.

Siluanov stated that Russia has allocated 8 trillion rubles ($123 billion), to stimulate the economy under current conditions. “These are enormous amounts of money. Siluanov explained that we need these resources in order to support the economy and our citizens.

Russia sent many thousands of troops into Ukraine in February 24, which triggered a barrage Western sanctions.

($1 = 64.8100 roubles)

[ad_2]