Russian Ministry of Finance

Russia becomes leader in dumping dollar

Russia has became one of the main drivers in the process of dedollarization last year, the European Central Bank said in its June report on the strengthening of the role of the euro in the global economy. According to the authors of the …

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Russia raises crude export duty by $5.8 on June 1

Russia's crude export duty will be increased by $5.8 to $110.4 per ton from June 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $104.6 per ton.  From April …

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GAZ Group to be nationalized?

Russia’s largest commercial carmaker GAZ Group might go bankrupt and may be nationalized due to U.S. sanctions, Russian businessman Oleg Deripaska said in an interview at the company’s headquarters. …

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Sberbank sets Russia's record in dividends

The supervisory board of Russia’s biggest lender Sberbank has recommended paying 361.4 billion rubles ($5.62 billion)   in dividends for 2018, CEO German Gref said. The dividend payment will account …

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Russia refuses to place Eurobonds

Russia's Finance Ministry sees no particular need to issue Eurobonds this year, Deputy Russian Finance Minister Sergei Storchak said. The Finance Ministry plans to focus on the domestic debt market, he noted, describing …

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Russia raises crude export duty by $7.2 on May 1

Russia's crude export duty will be increased by $7.2 to $106.6 per ton from May 1, 2019, according to the Russian Finance Ministry's website. From March 15 to April 14, the average price of Urals petroleum mix was …

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Russia borrows record amount in the West

Global Head of Debt Capital Markets at VTB Capital Andrey Solovyev said investors from the United Kingdom, the United States and Russia were the main buyers of dollar-denominated and euro-denominated Russian Eurobonds. …

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