Oreshkin says current ruble exchange rate is normal
Russia's Minister of Economic Development Maxim Oreshkin said the current ruble exchange rate is "normal". According to him, the current rate corresponds to the dynamics of capital flows. "The …
Maksim Oreshkin
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Economic Development Ministry: sanctions help Russia
Western sanctions helped Russia pay attention to internal economic issues, with the country’s economy entering an active growth phase due to trade and economic policies, Russian Economic Development Minister Maxim Oreshkin …
Russian Economic Development Ministry: new US sanctions not to affect ruble exchange rate
Russian Economic Development Ministry does not expect any drastic changes after the expansion of US sanctions against Russia, the head of the department Maksim Oreshkin said. "We have a floating exchange rate, …
Russia's Oreshkin: account deficit seen at $5 billion in Q3
Russia's current account deficit could widen to $5 billion in the third quarter, Russian Economic Development Minister Maxim Oreshkin said, in comments which suggest downward pressure on the ruble could …
Oreshkin: Russian economy at unique point
The Russian economy is expected to have long-term growth, the country's Minister of Economic Development Maxim Oreshkin said. The minister noted that foundation of changes in the last two years is very strong. …
Russia's Economic Development Ministry expects more aggressive key rate reduction if OPEC deal extended
Russia expects the Central Bank to pursue a more aggressive policy regarding the reduction of its key rate if the oil production cut agreement between OPEC and non-OPEC nations is extended, Russia’s Economic Development minister …
Russian minimum wage to raise to subsistence level
The Russian Prime Minister Dmitry Medvedev ordered to draft legislation to increase the minimum wage to the level of a living wage by May 20, according to a decision published on the government website. "Prepare a …
Government predicts economic growth in Russia
Russian Economic Development Minister Maxim Oreshkin said that the data for the first months of this year indicate that the Russian economy has entered a new phase of growth. However, in order to increase it, it is necessary …
Russia's economic development minister: oil price declines due to several factors
Decline of oil prices is due to several factors, including production growth in the US and possible changes in the further actions of the OPEC, Russia’s Economic Development Minister Maxim Oreshkin said. "The …
Oreshkin predicts ruble to weaken soon and then stabilize
The strengthening of the Russian currency is short-term, and it may slightly weaken in the nearest future and then stabilize, the Russian Economic Development Minister Maxim Oreshkin said after meeting the President …
Peskov: Putin may discuss ruble appreciation with economy minister
Russian President Vladimir Putin may discuss the issue of strengthening of the Russian currency at the meeting with Economic Development Minister Maksim Oreshkin later in the day, the Kremlin spokesman …
Russia’s Economic Development and Finance ministries agree to raise VAT
Russia’s Economic Development and Finance Ministries have agreed that they will have to cut taxation of labor and compensate budget losses by higher indirect taxes like value-added tax (VAT) in order to support the economy, Vedomosti …
Will Russian economy start to grow?
Russia's economy may grow 1.1% this year and 1.5% next after contracting in 2016, a Bloomberg survey of 39 economists shows. Earlier, Economy Minister Maxim Oreshkin said that Russia's economy could …
Russia to net 17 billion rubles from privatisation deals
Russian government has adopted the program on privatization of state-owned assets for 2017-2019, Deputy Prime Minister Dmitry Kozak said. The government meeting headed by Prime Minister Dmitry Medvedev focused on the …
Davos 2017 to discuss 'Responsive and responsible leadership'
The 47th World Economic Forum, which annually brings together leading representatives of political and business elites, will open in the Swiss ski resort of Davos today. About 50 heads of state and government, including the British Prime …
8th Gaidar Forum
Several days ago RANEPA hosted the 8th Gaidar Forum, a unique platform for socio-economic discussions of experts and representatives of the Russian government. This year's forum brought together an unprecedented number of both foreign …
Financial officials discuss model of Russia's economy growth (VIDEO)
A panel discussion on 'the model of sustainable economic growth for Russia' is being held in the framework of the 8th Gaidar Forum in Moscow. It was opened by an address of the chairman of the Board of the Center for Strategic Research, …
8th Gaidar Forum starts in Moscow
Today, the 8th Gaidar Forum started at the Russian Presidential Academy of National Economy and Public Administration in Moscow, it will last until 14 January. The key theme of the forum - 'Russia and the World: the …
Oreshkin plans to revive Russian economy with 500 billion rubles
The new Russian Minister of Economic Development Maksim Oreshkin sent to the government the first policy document - a draft "Action Plan aimed at increasing the Russian economy growth in 2017", the Russian media with …
Maxim Oreshkin named Russian Economy Minister
Russian President Vladimir Putin appointed 34-year old Maxim Oreshkin to the office of the Minister of Economic Development "You are working not too long …