Russia Plans Tax Changes to Help Businesses Hit by Ukrainian Drone Attacks

Russia is planning changes to its tax code to assist businesses that have incurred costs from defending facilities against Ukrainian drone attacks and from subsequent repairs. The Finance Ministry is collaborating with industry representatives on these proposals, which are anticipated to be submitted this autumn. These changes are expected to have a wide-ranging impact across various industries.

• Russia is preparing tax code amendments to help businesses offset costs from Ukrainian drone attacks and repairs.
• The Finance Ministry is working with industry representatives on these proposals.
• The changes are expected to be submitted this fall and will affect a broad range of industries.
• The announcement follows repeated Ukrainian strikes on Russian refineries, warehouses, and other infrastructure.