Putin requests budget donations from Russian oligarchs

Putin asked oligarchs for budget donations to stabilize finances amid rising war costs. One billionaire reportedly pledged 100 billion roubles to the effort.

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President Vladimir Putin of Russia has reportedly requested that the nation's wealthiest individuals contribute directly to the state budget. This move aims to stabilize national finances as the conflict in Ukraine enters its fifth year following the full-scale invasion launched in February 2022. According to reports from the online media outlet The Bell and the Financial Times, Putin held a closed-door meeting with top business leaders on Thursday to discuss military funding and the ongoing war effort.

Russian President Vladimir Putin addresses the Russian Union of Industrialists and Entrepreneurs in Moscow on March 26, 2026. REUTERS/Ramil Sitdikov
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