newsweek.ro/international/putin-vrea-sa-nationaliz

Russia plans to nationalize private pension funds to finance its war efforts, targeting approximately €730 billion. The initiative, part of a long-term economic program initiated by Putin, aims to transfer funds from private pension accounts into state-controlled schemes. This move affects around 71 million Russians and is set to begin on April 1, 2027. The government seeks to address a significant budget deficit exacerbated by military expenditures, with projections indicating a substantial increase in fiscal pressure. The nationalization is seen as a strategy to stabilize military financing amid ongoing economic challenges.