this post was submitted on 14 Jun 2023

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Russia lost so much money due to the Ukraine war that it now aims to raise $4 billion by slapping a windfall tax on its oligarchs (www.businessinsider.com)

submitted 1 year ago by SaltySalamander@lemmy.world to c/worldnews@lemmy.ml

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[–] zombuey@lemmy.world 0 points 1 year ago* (last edited 1 year ago)

Putin has maintained power by keeping a grip on the distribution of wealth to the oligarchs. If he starts taking money from them they will cease any support. They are the keys to his rule and if he doesn't keep them fat and happy they no longer have a reason to continue to support and will turn on him.