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Russian President suggests 13% tax on gains from individuals’ investments into securities

The withholding tax applies to interest gains of individuals from deposits and investments into securities in many countries, Putin said

NOVO-OGAREVO, March 25. /TASS/. Russian President Vladimir Putin made a proposal in his televised address to the nation on Wednesday to introduce a 13-percent tax on interest gains from deposits and investments into securities amounting to more than 1 million rubles ($12,600).

"I suggest introducing a tax on interest gain at the rate of 13% for citizens, whose total amount of bank contributions or investments into debentures is over 1 million rubles ($12,600). That is, I reiterate, the individual income tax will apply only to the interest received from such investments and not to the deposit," he said.

The withholding tax applies to interest gains of individuals from deposits and investments into securities in many countries, Putin said.

"I would like to stress that this measure will cover just about one percent of depositors. At the same time, conditions for depositing funds with Russian banks will remain lucrative and among having the highest yield globally," the head of state added.

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On Thursday, the US Department of the Treasury published a new sanctions list, which included Gazprombank

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West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

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Newly arrived Ukrainian soldiers rob, loot in Kharkov Region’s Kupyansk

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Signal to West and 'red card': experts weigh in on Putin’s missile launch statements

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Trump seeks to restore peace in entire world — transition team on Putin’s address

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US, European officials suggest returning nukes to Ukraine — NYT

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Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

Russia’s reaction to Austrian OMV’s failure to pay for gas justified — MFA

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Putin's speech shows West that Russia won’t waver, is ready for any scenario — expert

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Russia hit Ukrainian military-industrial facility in response to use of Western missiles

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Kremlin clarifies notification process for Oreshnik missile launch

"An automated warning was sent 30 minutes before the launch," Dmitry Peskov said

NATO deployment to Ukraine would mark its entry into the war, Russian diplomat warns

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Lukashenko tells Putin situation is "starting to get tense with Wagner"

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China holds US responsible for disrupted defense ministers' meeting in Laos

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ICC issues arrest warrants for Netanyahu, Gallant for alleged crimes in Gaza Strip

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Captives, Ukrainian losses: situation in Kursk Region

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US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

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Zelensky fine with conflict continuing due to Western help — Slovak PM

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Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

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