Armenian Prime Minister Nikol Pashinyan has warned that Russia’s restrictions on Armenian exports are calling into question the future of the Eurasian Economic Union (EAEU), saying the dispute could mark “the beginning of the end” for the Moscow-led bloc if it is not resolved soon.
Within four years, thanks to the implementation of investment projects and increased tax collection, Ingushetia may leave the list of subsidized regions. This was stated by the head of the republic, Makhmud-Ali Kalimatov, at a session of the St. Petersburg International Economic Forum (SPIEF).
“I think subsidization is the first thing we should do, and we can do it. I think that in the future, if we have three more years, well, four, I think we will move away from subsidies as much as possible, if not completely. We have everything for this,” Kalimatov shared his plans.
In 2021, the head of the Ingush government, Vladimir Slastenin, noted that the region’s budget remains highly dependent on federal subsidies. According to him, Ingushetia is one of the federal subjects where the share of subsidies exceeds 40% of its own revenues. Moreover, the latter are growing much more slowly than the expenditure side.