Russia’s energy and finance ministries have agreed to reduce fuel tax from May 1, cutting 350 billion roubles ($4.5 billion) from the state budget in 2021-2023, they said on Tuesday. The finance ministry said …
The United States' new anti-Russian sanctions will include restrictions linked with Russia’s sovereign debt, Reuters said on Thursday citing its sources. According to Reuters, the new batch of sanctions is expected to be …
The average Urals oil price plummeted by 34.38% year-on-year in 2020 to $41.73 per barrel, the Russian Ministry of Finance said. "The average price of the Urals oil blend in January - December 2020 evolved as $41.73 per barrel; in …
The Russian government has bought 50% in the Russia’s top bank Sberbank from the Russian central bank at 189.44 rubles per share through the Finance Ministry, spending 2.139 trillion rubles from the National Wealth Fund on the deal, the …
The Bank of Russia Board of Directors decided to keep the key rate at 6% per annum, the regulator said in a press release following the board’s meeting today. "On 20 March 2020, the Bank of Russia Board of Directors …
Russia’s budget will swing into a deficit this year due to the crash in oil prices and the economic impact of coronavirus, Russian finance minister Anton Siluanov said. "A decrease in energy prices has always …
Russia’s Finance Ministry said it would sell foreign exchange reserves in a bid to stabilize the ruble. “The value of liquid assets of the NWF and funds in the account for additional oil and gas revenues stand at more than …
Russian Finance Ministry announced that it would purchase the central bank’s stake in Sberbank, Russia’s largest lender. The finance ministry said it would buy the central bank’s 50%-plus-one-share stake in Sberbank …
Owners of Russia's largest companies and billionaires from 'Russia's Forbes ranking are ready to invest 70 trillion rubles in the Russian economy. This will happen if there is a mechanism to stabilize the conditions for doing …
Russia's GDP growth in 2019 may be higher than the forecast 1.3%, First Deputy Prime Minister and Minister of Finance Anton Siluanov said. "We are confident that the growth dynamics of the economy this …
Russia’s GDP growth sped up to 2.2% on the year in October, but will fall within the government’s forecast of 1.3% in 2019, Russian Finance Minister Anton Siluanov said during the Russia Calling! business forum. …
Russia's crude export duty will be increased by $2.2 to $90.5 per ton from December 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $88.3 per tonne. From October …
Russia’s budget surplus increased to 3.071 trillion rubles in January–October, as compared with 2.987 trillion rubles in January–September,according to the Russian Finance Ministry materials. Budget revenue amounted to …
Russia’s budget policy is stable and poses no inflation risks, Russian Deputy Finance Minister Vladimir Kolychev said at the S&P Global Ratings 2019. He noted that it will remain stable even if around 1 …
The Russian Finance Ministry will reduce the dollar's share in the structure of the National Wealth Fund (FNB), Deputy Finance Minister Vladimir Kolychev said. “I can say with certainty that the U.S. dollar …
Russia's Finance Ministry plans to spend 228.2 bln rubles on foreign currency purchases during the period from November 8 to December 5, 2019, the Ministry said in a statement. Thus, the daily volume of foreign currency …
Russia’s finance ministry expects the country’s National Wealth Fund (NWF) will exceed its spending threshold of 7% of gross domestic product (GDP) by 1.7 trillion rubles ($26.2 billion) next year, Russia's Finance Minister …
The Russian Finance Ministry plans to issue no more than 15 billion rubles of OFZ federal bonds for households in September, Deputy Minister Sergei Storchak said. "We will launch it in autumn, in September. I will …
Russia's finance ministry said it will issue 100 billion rubles ($1.52 billion) worth of new ruble-denominated OFZ treasury bonds maturing in July, 2022. New OFZ treasury bonds are expected to be available on August 21. …
Russian Finance Minister Anton Siluanov commented on the decision of the international rating agency Fitch to upgraded Russia’s long-term issuer default ratings in local and foreign currencies to BBB from BBB- with a stable …
