Tuesday, 14 April 2026

Putin turns to oligarchs for budget support as Ukraine war strains Russia’s finances

NC Bipindra
NC Bipindra

Mar 27, 2026 • 11:21 AM

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Putin turns to oligarchs for budget support as Ukraine war strains Russia’s finances

Russian President Vladimir Putin is likely to attend a high-level international forum in Turkmenistan's Ashgabat. File image/Reuters

Russian President Vladimir Putin has urged oligarchs to donate money to the defence budget so it can feed the war machine in Ukraine amid strained finances.

According to a report by the Financial Times, the Russian president made the comments to a large group of businessmen on Thursday, showing that he does not intend to end the war in Ukraine.

Despite considerable financial instability, Putin said that Russia would continue to fight until it captures the remaining areas of Ukraine’s eastern Donbas region that are not under its control.

NC Bipindra

NC Bipindra

Defence Editor at World91. Passionate about bringing the latest updates from around the globe, focusing on technology, defense, and space exploration.

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