First victim of new sanctions: Deripaska quits Rusal
Oleg Deripaska has stepped down from his role as Russia's aluminum producer Rusal, the company said in a statement released today via the Hong Kong stock exchange. …
Anton Siluanov
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Is Russia ready to use euros in trade?
Russia is ready to use euros rather than US dollars in foreign trade if the European Union declares its stance against expansion of the US anti-Russian sanctions, Russian Finance Minister Anton Siluanov said, speaking at the St. …
Siluanov: taxes in Russia not be changed in next 6 years
Russian government will not change the tax regime during the next six-year period, First Deputy Prime Minister, Finance Minister Anton Siluanov said on the sidelines of the 2018 St. Petersburg International Economic Forum. …
Rusal chief executive and 7 directors resign
Russian aluminium producer Rusal said its chief executive and seven directors had resigned. The company said that “in furtherance of such efforts”, chief executive Alexandra Bouriko had resigned and seven …
New government being formed in Russia: legislators' forecasts and expectations
Today, the Russian State Duma will consider the president's proposal to appoint Dmitry Medvedev as prime minister, who has already proposed candidates for the new government
Siluanov: states should solve problems not by sanctions, but through political agreements
Problems between states should be solved not by imposing sanctions but through political agreements, Russian Finance Minister Anton Siluanov told CNBC. "We are not in favor of sanction-swapping. Nevertheless, …
Russia's finance minister sees fair oil price for 2018 at $60
The fair oil price for 2018 stands at about $60 per barrel, Russia's Finance Minister Anton Siluanov said during a lecture in a university. "We currently see a balanced price for the budget at about $60 per …
Russia's Finance Minister: no sharp ruble fluctuations expected
The dependence of the ruble exchange rate on energy prices has declined, there are no grounds for expecting sharp fluctuations in the ruble exchange rate, Russia's Finance Minister Anton Siluanov said in an interview with the …
Russia's Finance Minister promises tax relief to good tax payers
Good tax payers may get some tax relief in the next political cycle, Russia's Finance Minister Anton Siluanov said. "One cannot say that we are tightening the screws sneakily to raise taxes. On the contrary, I …
Siluanov about bank chosen for major Russian state arms contracts
Russia's government together with the Bank of Russia appointed PJSC Promsvyazbank as the main bank for Armed Services Procurement operations and major state contracts, the country's Finance Minister Anton Siluanov …
Russia needs better investment climate to combat sanctions
Russia should create a better investment climate and ease forex legislation in response to Western sanctions, Finance Minister Anton Siluanov said on Wednesday, Reuters reported. Speaking at an annual finance forum in …
Russian Finance Minister on second capital amnesty
Russia's capital amnesty will be held from March to December this year, the country's Finance Minister Anton Siluanov said at the Gaidar Forum. Siluanov said that whereas the results of the last capital …
Russia's Finance Minister explains current ruble strengthening
Foreigners' interest to investment in Russian bonds is responsible for a high rate of the ruble, Finance Minister Anton Siluanov said on the sidelines of the Gaidar Forum, which is held in Moscow. "Investor …
Russia's Finance Minister opposes income tax hike
Russia's Finance Minister Anton Siluanov will not support raising the income tax rate to 15% from 13%, the minister said it on the sidelines of the Gaidar Forum, which is held in Moscow. "I'm against …
Russia to purchase record volume of dollars
Russia's finance ministry said it will increase its daily purchases of foreign currency for state reserves to the equivalent of 15.1 billion rubles ($265.10 million) between January 15 and February 6. Total purchases for the …
Siluanov about decline in non-oil-and-gas deficit of Russian budget
Non-oil-and-gas deficit of the federal budget declined to 7.9% OF GDP in 2017, Russia's Finance Minister Anton Siluanov said. "Non-oil-and-gas deficit of the federal budget drops to 7.9% of GDP (from 9.1% in …
Russia's Finance Minister: ruble to be stable at oil price of $55
Russia's Finance Minister Anton Siluanov said that the ministry could spend around 2 trillion rubles ($35 billion) on foreign currency next year if Urals prices are at $54-55 per barrel. "This would more than …
Russia’s Finance Minister about 2017 federal budget deficit
Russia’s Finance Minister Anton Siluanov said at a government meeting that .the country's federal budget deficit will not exceed 2% of GDP in 2017. "We do not expect this year’s budget to exceed 2% …
Russia's inflation reaches critically low level
Russia's annual inflation reached 2.5-2.6%, the head of the Russian Ministry of Finance Anton Siluanov said, speaking at the Financial University forum. "Our inflation is quite low - 2.5-2.6% (in annual …
Russian Finance Ministry unlikely to impose capital controls
Russia's government is unlikely to impose capital controls, the country's Finance Minister Anton Siluanov said. “(We) need to reserve a possibility of imposing these restrictions, but it does not mean that …
