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Russia reduces budget's dependence on oil

Russia's non-oil and gas budget deficit will be less than 6% in 2018-2020, the head of the Russian Ministry of Finance Anton Siluanov said, speaking yesterday at the meeting of the State Duma Committee on Budget and …

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"Caspy" youth forum may become annual

"Caspy" international youth educational forum, which was held in Makhachkala this year, can become annual, acting Minister for Youth Affairs of the republic Magomed Kurbanov said. "Unfortunately, there …

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14th Valdai Club in Sochi: "Creative Destruction"

Starting Monday, Russia’s Sochi will become the center of global political dialogue for four days as the city hosts the 14th annual meeting of Valdai Discussion Club, a platform which brings together politicians and …

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Russian oil export duty rises by by $8.2

Russia's oil export duty is expected to rise to $96.1 per tonne in November from $87.9 per tonne in October, data from the Russian finance ministry showed on Monday. The rate is calculated by the finance ministry and is based on the …

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Putin and Steinmeier to meet in Moscow next week

Russian President Vladimir Putin will meet with German President Frank-Walter Steinmeier on October 25, who will arrive in Moscow on a working visit. During the talks, the Presidents will discuss the …

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Russia to bring budget deficit down to zero

Russia's Finance Ministry expects that the budget deficit will be 2% this year, the head of the ministry Anton Siluanov said on the sidelines of the annual autumn meeting of the World Bank and the International Monetary …

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Brent oil price rises above $58

Oil prices pushed higher as the conflict between Iraq and Kurdistan entered a new phase with the advance of Iraqi forces on Kirkuk.  Brent rose above $58 and while the late September highs above $59 are within sight it may struggle …

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