Russian economy

United States to continue attack on Russian securities

The administration of US President Joe Biden does not exclude the possibility of tougher sanctions against Russian debt securities, according to sources familiar with the information. According to Bloomberg, the US is now studying the …

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Kremlin claims there's no crisis in Russia

Russian presidential spokesman Dmitry Peskov assured that Russia is not facing any economic crisis. "No, there are no signs of crisis," Interfax cited him as saying Peskov recalled that the international …

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Russian economy on the rebound, Putin says

Recovery trends in the Russian economy are becoming stronger but the revenue base of certain regions is still unstable, President Vladimir Putin said on Wednesday at a meeting with Cabinet members, TASS reports. …

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Russia’s public debt up by nearly 40% in 2020

Russia's public debt increased by 39.9% in 2020 to 18.99 trillion rubles ($257 bln), which is 17.8% of GDP, according to the documents published by the the Accounts Chamber. "The public debt of the Russian Federation in 2020 …

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Russia’s Central Bank keeps key rate at 4.25%

Russia’s Central Bank kept its key rate again at 4.25% per annum at the first board meeting this year, the regulator said in a press release following the meeting on Friday. "On 12 February 2021, the Bank of Russia Board of …

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Russia introduces tax for rich

The law on increasing the personal income tax rate (PIT) from 13% to 15% on income exceeding five million rubles a year was introduced in Russia. Simultaneously, the tax rate of 13% will remain for individuals' income from the sale …

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