Russian businesses are pushing back against a new 30 percent tax on mining profits, warning that higher taxes could drive away investment and capital, according to Ukraine's foreign intelligence service. The business lobby instead wants a temporary increase in corporate tax - plus bigger investment deductions and tax breaks for companies that protect facilities from UAV attacks. The warning comes as investment in Russia fell by 4.6% in the first half of 2026. Moscow needs more revenue, but squeezing businesses could leave less money for modernization — and less tax revenue down the road.

Russian businesses are pushing back against a new 30 percent tax on mining profits, warning that higher taxes could drive away investment and capital, according to Ukraine's foreign intelligence service. The business lobby instead wants a temporary increase in corporate tax - plus bigger investment deductions and tax breaks for companies that protect facilities from UAV attacks. The warning comes as investment in Russia fell by 4.6% in the first half of 2026. Moscow needs more revenue, but squeezing businesses could leave less money for modernization — and less tax revenue down the road.