From bakeries to beauty shops, Russian businesses are feeling the pain from a new wartime tax policy

Denis Maksimov’s bakery in suburban Moscow became famous overnight after he appeared on President Vladimir Putin’s annual call-in show in December.

Feb 23, 2026 - 08:01
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From bakeries to beauty shops, Russian businesses are feeling the pain from a new wartime tax policy
Denis Maksimov’s bakery in suburban Moscow became famous overnight after he appeared on President Vladimir Putin’s annual call-in show in December.

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