Russian Ministry of Finance

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Russia freezes gas production

Russia does not plan to increase gas production in 2018, freezing it at the level of 2017, Russian Minister of Energy Alexander Novak said, adding that everything will depend on the weather conditions. "As for …

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Urals average price rises 25.3%

  Average price of Russia’s Urals oil rises 25.3% to $65.22 per barrel in January-March, 2018 compared to the same period last year, the country's finance ministry said. In January-March, 2017, the …

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Russian Finance Minister on second capital amnesty

Russia's capital amnesty will be held from March to December this year, the country's Finance Minister Anton Siluanov said at the Gaidar Forum. Siluanov said that whereas the results of the last capital …

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Russia's Finance Minister opposes income tax hike

Russia's Finance Minister Anton Siluanov will not support raising the income tax rate to 15% from 13%, the minister said it on the sidelines of the Gaidar Forum, which is held in Moscow. "I'm against …

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Urals oil price increases by 27.3% this year

The average price of Urals oil in January-November 2017 was $52.17 per barrel, the website of the Russian Finance Ministry said. In 2016 the average price of Urals oil was $41.02 per barrel. Accordingly, in annual terms, …

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Russia's inflation reaches critically low level

Russia's annual inflation reached 2.5-2.6%, the head of the Russian Ministry of Finance Anton Siluanov said, speaking at the Financial University forum. "Our inflation is quite low - 2.5-2.6% (in annual …

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