state budget of Russia

Putin: we not going to fight against anyone

Russian President Vladimir Putin said that Russia is not going to fight against anyone and it is laying the groundwork so that other countries will not have the slightest urge to unleash an armed conflict with Moscow. …

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Russia's State Duma approves 2020 budget

The Russian State Duma has approved draft federal budget for 2020 and the planned period of 2021-2021 in the final reading. According to the draft document, the budget revenues in 2020 will amount to 20.379 trillion rubles, in 2021 - …

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Russia’s budget surplus reaches 3.071 tln rubles

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 …

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Finance Ministry: Russia’s budget policy stable

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 …

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"One can forget about oil at $100 per barrel"

Russia’s Energy Minister Alexander Novak expressed an opinion that everyone has forgotten about oil at $100 per barrel. "We live based on mid-term oil price assumptions of $50 ... Our budget is based in …

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Russia's three-year budget prepared with surplus

The budget for 2020 and the planned period of 2021-2021 was submitted to the Committee on Budget and Taxes by Russia's State Duma Chairman Vyacheslav Volodin. The draft will be considered at the Duma …

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Is new crisis in Russia only year and a half away?

Russia's next economic crisis may erupt in the next year and a half, according to experts of the Centre for Business Tendencies Studies at ISSEK NRU HSE. "If the trade war between the two largest economies in the …

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 Russia's Central Bank buys forex worth 18.3 bln rubles

Russia’s Central Bank bought foreign currency worth 18.3 billion rubles on April 1 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry would allocate 310 billion rubles or an …

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Russia’s Finance Ministry announces FX purchase volumes

Russia’s Finance Ministry will acquire 265.8 billion rubles of foreign currency from the open market under the budget rule from January 15 through February 6, spending 15.6 billion rubles a day, the authority said in a statement. …

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No budget deficit in Russia

Russia's State Duma has passed amendments to the law on 2018 federal budget and the planned period of 2019-2020 today. On June 7, the State Duma passed amendments to the law on 2018 federal budget and the planned period of 2019-2020 …

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Siluanov: exchange rate could be 50 rubles per dollar

If there were no budget rule, the exchange rate could be 50 rubles per dollar, Russia's Finance Minister Anton Siluanov said. Siluanov said that the budget rule, under which energy revenues from oil sold at over $40 …

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Russia runs budget surplus

The Russian government approved the draft amendment to the the bill on federal budget for 2018 and the planned period of 2019-2020. Information about this is published on the website of the Cabinet. "The draft law provides for …

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Russian Central Bank: economic growth has taken hold

Russia’s Central Bank has stated the trajectory of slow but steady economic growth, the regulator’s Research and Forecasting Department said in a report. The report added that the shift from moderately tough to neutral …

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