Russian government

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Vitaly Mutko tasked with North Caucasus development

Russian Prime Minister Dmitry Medvedev shared responsibility of implementation of state programs among his deputies, according to the website of the Russian government. Each of the ten deputy prime ministers will be …

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Decline in poverty announced in Russia

The poverty rate has continued to decline in Russia, Russian Deputy Prime Minister Tatyana Golikova told a session of the Gaidar Forum in Moscow. According to the Federal State Statistics Service, the poverty rate has …

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What does 2019 bring for Russia?

The year 2019 marks changes in various areas of the country's life. Among other things, a slew of amendments to Russia’s Tax Code concerning both individuals and legal entities come into force starting from January 1, 2019.  …

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Russia to face decade of oil price at $50

Russia’s Economic Development minister Maksim Oreshkin said that the ministry expects the oil price to slip to $50 per barrel by 2025-2030 and stay at that level long-term. According to him, this trend is …

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Medvedev clarifies new sanctions against Ukraine

The countersanctions against Ukraine that President Vladimir Putin has ordered the Russian government to elaborate will be endorsed shortly, and relevant resolutions have been drafted, Russian Prime Minister Dmitry …

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Russian oil companies to be obliged to refine oil

Russia's energy, finance and economic development ministries will oblige Russian oil companies to send at least 17.5% of their annual production to domestic oil refineries, according to the instruction given by Russian Prime Minister …

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Russia not to ban dollar use

Russia’s government doesn't plan to restrict dollar usage in the country, but intends to approve a plan to reduce dollar usage, as the Kremlin steps up efforts to cut dependence on the U.S. currency amid fears of new U.S. sanctions. …

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Bill on pension reform adopted in Russia

The Russian State Duma, the lower house of the Russian parliament, has adopted the bill on pension reform in the third and final reading. According to the bill, the age of 65 years would be set as retirement age for men, and 60 years for …

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Putin explains retirement age reform (VIDEO)

Russian President Vladimir Putin said in his televised address today that the retirement age for women should be 60 rather than 63, according to the president's official address posted on the Kremlin website.  …

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