Russian Ministry of Economic Development

Oreshkin: Russian economy at unique point

The Russian economy is expected to have long-term growth, the country's Minister of Economic Development Maxim Oreshkin said. The minister noted that foundation of changes in the last two years is very strong. …

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Why will low inflation not save Russian economy?

The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …

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Will cash payments to be limited in Russia?

The Russian Ministry of Finance and the Ministry of Economic Development are discussing plans to limit cash payments in a bid to combat Russia’s “shadow economy.” The new measures could include a ban on …

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Will Russian economy start to grow?

Russia's economy may grow 1.1% this year and 1.5% next after contracting in 2016, a Bloomberg survey of 39 economists shows. Earlier, Economy Minister Maxim Oreshkin said that Russia's economy could …

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Export duty for Russian oil increases

The export duty for Russian oil has increased by $10.4 to $89.5 on February 1 from $79.1 per ton, the Russian Ministry of Economic Development said. The export duty for heavy oil has grown from $12 per ton in January to $13.9 per ton …

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Russia appeals to WTO over EU duties

Russia appealed to the World Trade Organization to settle a dispute with the European Union over anti-dumping duties imposed on its steelmakers, the Russian Ministry of Economic Development said. "The reason for the suit was …

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Why does Russia need ruble to be stable?

The Russian government along with the Central Bank are preparing a joint strategy to tackle ruble long-term volatility, the First Deputy Prime Minister of Russia, Igor Shuvalov, told Bloomberg. "It is obvious …

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Moscow Court keeps Ulyukayev under house arrest

The Moscow City Court upheld the decision on the house arrest of the former Russian Economic Development Minister Alexei Ulyukayev.  The court did not allow the former economy minister to talk to mass media …

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Putin about Ulyukayev

Russian President Vladimir Putin said that he was considering several candidates to fill the position of the minister of economic development after its former holder, Alexei Ulyukayev, was put under house …

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