Alexander Safonov

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 Russia’s federal budget for 2018-2020 adopted

Russia’s State Duma has passed the bill on federal budget for 2018 and the planned period of 2019-2020 in its third reading.  According to the bill, Russia’s budget revenues will amount to 15.26 trillion rubles ($256 …

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Who's to blame for record-high gasoline prices?

Russian Federal Antimonopoly Service commented on the increase in gasoline prices. FAS representative Dmitry Makhonin said that the increase in gasoline prices was caused by speculative activities in the market. …

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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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 Russia’s average mortgage rate to decline to 10%

The average interest rate on Russian mortgage loans is expected to fall to 10% by the end of the year from around 11% currently, CEO of the country’s second biggest lender VTB Bank, Andrei Kostin, said at a meeting …

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What do Russian people need?

Russians believe that the most serious problems that the country faces now are connected with low salaries and living standards, the state of economy and the current social policy, a survey conducted by the Russian Public Opinion Research Center …

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Is Russia worst country to be elderly?

Russia is No. 40 among 43 countries in the 2017 Global Retirement Index, published today by Natixis Global Asset Management, just above India, Greece and Brazil. According to data compiled by Natixis, several factors affected the …

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Russians support state control of food prices

Vast majority of Russians believe that only the state should establish and regulate food prices, annual issue of "Russian Monitoring of Economic Situation and Population Health", conducted by the Higher School of Economics, says. …

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Children’s decade declared in Russia

The Children’s Decade, which will be declared in Russia in 2018-2027, according to Russian President Vladimir Putin's decree, will become a very important period, the country's Deputy Prime Minister Olga …

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Will Russians save up money for their pensions?

Russian Finance Ministry has urged citizens whose salary is above 40,000-50,000 rubles to save money up for their pensions themselves. "Thos people who receive large salaries, not only in the amount of 100,000 (rubles), but starting from …

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Will new pension reform be imposed in Russia?

The Russian Ministry of Finance has suggested the draft pension reform following the February meeting headed by the Prime Minister Dmitry Medvedev, Vedomosti reports. The proposed project includes six points and …

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