Siluanov about Russia's budget
Russian Finance Minister Anton Siluanov said that the country's budget deficit in 2018 will be the lowest in recent years. "The budget deficit in 2018 will stand at 1.6% of the GDP. This is the lowest deficit …
Siluanov: no new major deals set in Russia yet
No major deals are set in Russia for the foreseeable future, the country's Finance Minister Anton Siluanov said. "Privatization is always on the agenda," he noted, adding that there are strategic …
Russian Finance Minister comments on US Fed raising base interest rate
The decision of the US Federal Reserve System to raise the base interest rate is predictable and will not have a significant impact on the Russian economy, Russian Finance Minister Anton Siluanov said. "The …
Siluanov: Russia to face difficult years
Russia will face difficult times in 2018 and 2019, the head of the Russian Ministry of Finance Anton Siluanov said on the sidelines of at the St. Petersburg International Economic Forum. "We will have to go …
Russian Finance Minister on extension of oil deal: we should use favourable oil prices
Russian Finance Minister Anton Siluanov said that he would support an extension of a global oil output cut deal as it should help Russia to replenish reserves. "The extension of the agreement is aimed at supporting …
Russian minimum wage to raise to subsistence level
The Russian Prime Minister Dmitry Medvedev ordered to draft legislation to increase the minimum wage to the level of a living wage by May 20, according to a decision published on the government website. "Prepare a …
Russian banks 'lost' 100 billion rubles in year
The Russian government is concerned about the reliability of the domestic banking system, the Russian Finance Minister Anton Siluanov said at the convention of the Association of Russian Banks. "We have lost more …
Russian finance minister: rouble overvalued by 10-12%
Russian Finance Minister Anton Siluanov said that the rouble is overvalued by up to 12%, making it a good time for foreign currency purchases under which the ministry may buy at least $1 billion in 2017
Russia on cusp of exiting junk as S&P outlook goes positive
Relatively low oil prices, structural impediments, and sanctions will continue to impinge upon the rebound in GDP
Fed rate increase will not cause capital outflow from Russia, Minister of Finance says
A rise in the US Fed rate will not cause the problems with the outflow of capital from Russia, Finance Minister Anton Siluanov said. "Despite the fact that American colleagues from the Federal Reserve announced raising of the rates …
Russian finance minister on scrapping oil export duty
Russian finance minister Anton Siluanov proposed scrapping the country's oil export duty from 2022-2025 as the government looks to optimise the tax system for the oil and gas industry. Speaking at an economic …
Russian Finance Ministry to raise VAT, cutting social security tax
Russia is considering raising value added tax but lowering mandatory social security payments, the country's Finance Minister Anton Siluanov said today, speaking at an economic conference in Moscow. Siluanov said …
Russia's Finance Ministry to help Armenia in implementation of public finance management system
Yesterday, Minister of Finance of Armenia, Vardan Aramyan, held a meeting in Moscow with his Russian counterpart, Anton Siluanov, the press service of Armenian Ministry of Finance reports. The Russian …
Russia’s Economic Development and Finance ministries agree to raise VAT
Russia’s Economic Development and Finance Ministries have agreed that they will have to cut taxation of labor and compensate budget losses by higher indirect taxes like value-added tax (VAT) in order to support the economy, Vedomosti …
Will Russian economy start to grow?
Russia's economy may grow 1.1% this year and 1.5% next after contracting in 2016, a Bloomberg survey of 39 economists shows. Earlier, Economy Minister Maxim Oreshkin said that Russia's economy could …
Vasily Yakimkin: "Trump won't allow Federal Reserve strengthen dollar"
How much will dollar rise and how will it affect world markets
Russia may place $3 bln in Eurobonds in spring
Russia may place $3 billion worth of Eurobonds this spring in a single issue, Finance Minister Anton Siluanov told reporters on Wednesday, Reuters reported. Siluanov said the government had decided not to use additional …
8th Gaidar Forum
Several days ago RANEPA hosted the 8th Gaidar Forum, a unique platform for socio-economic discussions of experts and representatives of the Russian government. This year's forum brought together an unprecedented number of both foreign …
Russian Finance Ministry proposes to create unified economic policy document
Russia can create a unified document on economic policy, this initiative was proposed by Russian Finance Minister Anton Siluanov at the Gaidar forum. Siluanov made this proposal responding to the question of head of …
Russian Finance Ministry discusses assets for privatization in 2017
The Russian government is considering additional assets that may be privatized in 2017, the Finance Minister Anton Siluanov said. "[Our planned privatization revenues next year] amount to 138 bln rubles ($2.3 bln) …
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