Russian President Vladimir Putin endorsed a law to raise personal income tax from 13% to 15% for people with annual incomes exceeding 5 mln rubles ($72,825) per year. The document was published on Monday on the official web portal …
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 …
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. …
Russian Prime Minister Mikhail Mishustin has tasked the Finance Ministry and Labor Ministry with drafting amendments to the law on federal budget and the law on budget of the Pension Fund aimed at implementation of Russian …
Audit Chamber Director Alexei Kudrin said that maximum 2 to 3 billion rubles are stolen from the Russian federal budget annually. "Concerning criminal cases, 2–3 billion rubles per year is the …
Russia will have enough accumulated reserves in order to fulfill budgetary obligations for three years in case oil prices fall to $25-30 per barrel, Russian Minister of Finance Anton Siluanov said. He noted that for …
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 - …
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 …
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 …
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 …
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 …
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 …
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. …
The Russian State Duma has passed amendments to the budget for 2018 and the planned period of 2019-2020 in the third reading at the plenary session. Amendments envision an increase in total revenues of 1.87 trillion rubles to 18.95 …
The Russian State Duma approved draft federal budget for 2019 and the planned period of 2020-2021 in the first reading, presented by the Russian government. According to the draft document, the budget revenues in 2019 will amount …
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 …
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 …
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 …
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 …
