Anton Siluanov

Anton Siluanov
Minister of Finances of the Russian Federation
 

Russia’s Economic Development and Finance ministries agree to raise VAT

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?

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#039t allow Federal Reserve strengthen dollar

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 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

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

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

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) …

Russia#039s Economy Goes Out Of Recession

Russia's Economy Goes Out Of Recession

It can surprise next year by accelerating growth to 1.5%

Does Russian Finance Ministry reject progressive personal income tax scale?

Does Russian Finance Ministry reject progressive personal income tax scale?

Russia should not consider the introduction of a progressive personal income tax scale in the coming years, the Russian Finance Minister Anton Siluanov said at the congress of the Russian Union of Industrialists and …

State Duma finally approves Russian budget

State Duma finally approves Russian budget

The Russian State Duma approved the draft budget for 2017 and the planned period of 2018-2019 in the third and final reading. 315 members of parliament voted for approval of the budget, 99 voted against it, TASS reports. …

Progressive personal income tax scale to be implemented in Russia

Progressive personal income tax scale to be implemented in Russia

The Russian government is considering a progressive personal income tax scale, the Russian Deputy Prime Minister Olga Golodets said. “I think that in order to alleviate poverty, an income tax exemption on the …

Draft budget submitted to Russia#039s State Duma

Draft budget submitted to Russia's State Duma

Russian Finance Minister Anton Siluanov has presented a draft budget for 2017 and the planned period of 2018-2019 at the plenary session of the State Duma. According to the draft, budget revenues will be 13.487 trillion …

US after elections: do followers make leaders?

US after elections: do followers make leaders?

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When a person enters the Oval Office, people of whom we know nothing begin to push him, Ordzhonikidze

Russia#039s Cabinet to fill budget at expense of employers

Russia's Cabinet to fill budget at expense of employers

The insurance contribution rate will be increased to 30.8% in Russia from 2019. The corresponding decision was taken by the Russian government, the Economic Development Minister, Aleksey Ulyukayev, said. "I …

 Russian Finance Ministry: non-oil and gas budget revenues to increase

Russian Finance Ministry: non-oil and gas budget revenues to increase

Russia’s Finance Ministry expects non-oil and gas revenues to rise by almost 900 bln rubles ($14.2 bln) in 2016 owing to the purchase of Rosneft stake, the Russian Finance Minister Anton Siluanov said. "We …

Siluanov warns of wider budget deficit

Siluanov warns of wider budget deficit

Russian Finance Minister Anton Siluanov warned at a conference in Sochi that the budget gap will be wider this year than earlier forecast, forcing Russia to step up the pace of domestic borrowing. The deficit may …

Yuri Gorlin: Those who participated in the earnings-related pension system lost’’

Yuri Gorlin: "Those who participated in the earnings-related pension system lost’’

The Deputy Director of the RANHiGS Institute for Social Analysis and Forecasting on the pension problems of modern Russia

New pension system being developed in Russia

New pension system being developed in Russia

Russian Finance Minister Anton Siluanov said at the Moscow Financial Forum that the Russian Central Bank and the Finance Ministry are jointly developing a new mechanism for voluntary contribution pension system. …

Market management methods are applied to non-market economic structure in Russia

Market management methods are applied to non-market economic structure in Russia

Strict measures of budget policy should be applied to market players, not to state-owned companies

Ukraine ready to discuss its debt with Russia

Ukraine ready to discuss its debt with Russia

Ukraine is ready to discuss with Russia the three billionth debt on the bonds out of court, Ukrainian Finance Minister Alexander Danilyuk said. "We are ready for pre-trial agreements in regard to the …

 Storchak: Reserve Fund may be depleted in next year

Storchak: Reserve Fund may be depleted in next year

Russia’s Reserve Fund may be depleted in 2017, the Russian Deputy Finance Minister Sergey Storchak said. "Yes, it is possible," he said when asked whether the Reserve Fund may be depleted next year. …

Will government#039s participation in financial market to be increased?

Will government's participation in financial market to be increased?

Russian Finance Minister Anton Siluanov, speaking at the International Financial Congress in St. Petersburg, has urged increasing the degree of the state participation in the national financial market. "Even with the reduction of the budget deficit we will need to significantly increase the state participation in the financial market," he noted. The Finance Minister added that the availability of reserves is compulsory for implementation of budget policy.

 Russian Finance Ministry promises not to raise taxes

Russian Finance Ministry promises not to raise taxes

It will not be proper to change Russian taxation system in coming years, the Russian Finance Minister Anton Siluanov said. "We see the need of keeping tax sources and taxes existing to date. It will not be proper …

 Siluanov sees no fundamental reasons for oil price rise

Siluanov sees no fundamental reasons for oil price rise

Russian Finance Minister Anton Siluanov said that he did not yet see fundamental reasons why oil prices should rise, and that this view would be used for Russia's budget planning, Reuters reports. Speaking at the …

Siluanov promises to avoid sharp strengthening of ruble

Siluanov promises to avoid sharp strengthening of ruble

The Russian Finance Ministry will reserve additional budget income if the oil prices rise above $50 per barrel in order to avoid the ruble rapidly strengthening, the Finance Minister Anton Siluanov said. "We are …

 Russian Finance Ministry: we have no plans to issue more Eurobonds now

Russian Finance Ministry: we have no plans to issue more Eurobonds now

Russia is not considering plans to issue more Eurobonds, but the government may adjust domestic borrowing plans in the autumn, Russian Deputy Finance Minister Sergey Storchak said. "We have tested the market," …

Budget for 2017 will be more complex, Siluanov says

Budget for 2017 will be more complex, Siluanov says

Russian Finance Minister Anton Siluanov spoke about the work on preparation of the state budget for 2017. "We will deal with it a little later. It will be complex, much more complex than this …

Russian Finance Minister forecasts oil price for 2016

Russian Finance Minister forecasts oil price for 2016

Russia's finance ministry expects the average price of oil at $ 40 per barrel, Russian Finance Minister Anton Siluanov said. He said in an interview with Rossiya 24 TV channel that the budget deficit this …

Siluanov does not expect serious changes in ruble rate

Siluanov does not expect serious changes in ruble rate

Russian Finance Minister Anton Siluanov does not expect significant changes in ruble rate in the current situation. "I think that in the current conditions the balance that occurred won’t be changing …

Siluanov predicts ruble will be stable for three years

Siluanov predicts ruble will be stable for three years

If the oil prices will stay at the level of $40 per barrel, the ruble exchange rate in the next three years will remain stable, the Russian Finance Minister Anton Siluanov stated during "Vesti on Saturday with Sergey …