Newly-established Russian regions amassed billions in tax revenue last year – data. : Analysis

Tax revenues in the four new regions of Donbass, Kherson, and Zaporozhye have seen a significant increase, reaching a total of 210 billion rubles ($2.27 billion) in 2023, as reported by the Federal Tax Service (FTS). The Donetsk (DPR) and Lugansk (LPR) People’s Republics, alongside Kherson and Zaporozhye Regions, experienced a 34% growth in tax collection compared to 2022, with a reduced tax burden. The FTS noted a positive trend in tax revenues in early 2024, doubling in January and February year-on-year. Efforts are being made to simplify legal procedures for businesses entering these new regions, supported by a free economic zone law signed by President Vladimir Putin. This initiative offers incentives to investors and businesses, parallel to those in Crimea and Sevastopol. Currently, there are 155,000 registered entrepreneurs in the new Russian regions, including 99,000 small and medium-sized enterprises (SMEs), with a growing presence in Zaporozhye, Kherson, LPR, and DPR.

Analysis:
The article reports on a significant increase in tax revenues in the newly established regions of Donbass, Kherson, and Zaporozhye, along with the Donetsk and Lugansk People’s Republics (DPR and LPR), reaching a total of 210 billion rubles in 2023. The information is attributed to the Federal Tax Service (FTS), adding an official tone to the report. The 34% growth in tax collection compared to the previous year is highlighted, indicating positive economic developments in these regions.

The article mentions efforts to simplify legal procedures for businesses entering these regions, backed by a free economic zone law signed by President Vladimir Putin. This action is presented as a positive step to attract investors and businesses, similar to the incentives offered in Crimea and Sevastopol. The presence of a significant number of registered entrepreneurs, including SMEs, is also noted, portraying a vibrant business environment in these regions.

However, it is essential to approach this information with caution due to potential biases stemming from the political context. The report comes from Russian sources, which might present a favorable view of the economic situation in the annexed territories. The narrative of economic growth and business opportunities could be a way to legitimize Russia’s presence in these regions and promote them as viable entities.

Considering the broader political landscape and the prevailing issue of misinformation and propaganda, readers should critically assess the presented information. While the data on tax revenues and business registrations are factual, the framing and interpretation of these numbers could be influenced by political motivations to portray a positive image of the annexed regions under Russian control.

In conclusion, the article provides insights into economic developments in the mentioned regions but should be analyzed with a critical lens to understand the potential biases or agenda behind the information presented. As the dissemination of fake news and biased narratives remains a challenge, it is crucial for the public to verify sources and consider multiple perspectives to form a balanced understanding of complex geopolitical issues.

Source: RT news: New Russian regions collected billions in taxes last year – data