Russian Ministry of Finance

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Will Russia refuse placing eurobonds?

Russian Deputy Finance Minister Sergei Storchak said on the sidelines of the International Monetary Fund (IMF) and World Bank meeting that Russia may refuse to enter the external borrowings market, noting that it's an …

Russian debt chief sees no Western sanctions threat

Russia's finance ministry does not believe U.S. sanctions against Russian state debt are inevitable, and sees no imminent need to intervene in the bond market to support it, a head of the state debt department at the Russian Finance …

Russia's oil export duty to rise by $7.5 in October

Russia's oil export duty is expected to rise by $7.5 to $137.5 per tonne on October 1 from $130.0 a tonne in September, according to data from the Russian finance ministry. The level of the duty is calculated by the finance ministry …

Urals price rises almost 40%

Average price of Russia’s Urals oil rose 39% to $69.43 per barrel in January-July, 2018 compared to the same period last year, the country's finance ministry said. It was reported that in July 2018 the price was $72.87 per …

Siluanov reveals Russia's average pension payment

Russian Finance Minister Anton Siluanov said that the average monthly pension payment in Russia should grow to 20,000 rubles by 2024. He also said that the Finance Ministry has suggested providing deductions on the …

Siluanov: exchange rate could be 50 rubles per dollar

If there were no budget rule, the exchange rate could be 50 rubles per dollar, Russia's Finance Minister Anton Siluanov said. Siluanov said that the budget rule, under which energy revenues from oil sold at over $40 …

Is Russia ready to use euros in trade?

Russia is ready to use euros rather than US dollars in foreign trade if the European Union declares its stance against expansion of the US anti-Russian sanctions, Russian Finance Minister Anton Siluanov said, speaking at the St. …

Russians triple investment in government

Last year, the Russians bought government federal bonds (OFZ) amounting to 93 billion rubles. This number is three times higher than in 2016, it follows from the Bank of Russia's data. Almost half of purchases accounts for …