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Can This Russian Bakery Survive a 3,500% Tax Increase?

The challenges faced by a small-business owner near Moscow highlight how Russia’s war-drained economy is on the doorstep of a major crisis.

Denis V. Maksimov says he accepts that small businesses like his three bakeries in a working-class town near Moscow will have to chip in more as Russia struggles to pay for the war in Ukraine.
But a 35-fold increase in his taxes? His bakeries, named … [820 chars]

Source: The New York Times | Published: 2026-03-28T09:00:07Z

Credit: The New York Times

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