Russia and UAE to eliminate double taxation
The Finance Ministries of Russia and the UAE finalized all provisions of an agreement on the elimination of double taxation between the two countries. The document will come into force in 2026.
Russian Finance Ministry
Ministry of Finance proposes Kizlyar Brandy Factory to grow grapes
Deputy Minister of Finance Alexey Sazanov has put forward an initiative to transform the Kizlyar Brandy Factory
Nothing threatens ruble, Siluanov says
The head of the Ministry of Finance spoke about the prospects for the ruble exchange rate
Russian economy to grow by 2.5% Anton Siluanov says
Russian Finance Minister Anton Siluanov announced the final summer forecasts for 2023
Siluanov urges youth to improve financial literacy
Young people need to improve their financial literacy, the head of the Ministry of Finance of the Russian Federation, Anton Siluanov said, addressing senior students of school No. 17 in Obninsk (Kaluga region). The lesson was held …
Russian Cabinet of Ministers instructs Ministry of Finance to increase efficiency of budget spending
The Russian government instructed the Ministry of Finance to submit by February 15, 2020 proposals to ensure uniform and efficient spending of budget funds. The relevant information is in the list of instructions adopted following a government …
Iran asks Russia to provide $ 2 billon loan, Novak says
Iran asked Russia to provide a $ 2 billion loan for the construction of power plants, railways and the purchase of railcars for the subway, Energy Minister Alexander Novak said today. "They asked for …
Ministry of Finance to help Russians with Federal loan bonds purchases
The Russian Ministry of Finance will facilitate the terms of sale of Federal Loan Bonds (OFZ) for the population. According to Deputy Head of the department Sergey Storchak, this decision is caused by the impossibility of …
Russia's budget to endure tightening of sanctions, Ministry of Finance says
The Russian Federation budget is prepared for a possible tightening of the anti-Russian sanctions imposed, the head of the Ministry of Finance of the Russian Federation, Anton Siluanov said today. He drew attention to the interest of …
Russian Finance Ministry publishes ruble exchange rate forecast for next 20 years
Russia's Finance Ministry published forecast of main parameters of the Russian economy for a long-term period. According to this data, average dollar exchange rate will rise to 82.5 rubles in 2031-2035. It is reported that this data is …
Why did Russia’s rating grow?
According to Reuters, ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable. Fitch, which also affirmed Russia’s rating at “BBB-”, said …
Russian Ministry of Finance to issue its opinion on tax maneuver on September 8
The Ministry of Finance of Russia has prepared its opinion on the tax maneuver and will present it at the Moscow financial forum, the deputy head of the department, Ilya Trunin said. "Come to the Moscow financial forum, on Friday, …
Fed rate increase will not cause capital outflow from Russia, Minister of Finance says
A rise in the US Fed rate will not cause the problems with the outflow of capital from Russia, Finance Minister Anton Siluanov said. "Despite the fact that American colleagues from the Federal Reserve announced raising of the rates …
Will Russian government find a way to use confiscated sanctioned products?
In Russia, a ban can be imposed on the certain types of goods. This project was developed and submitted to the State Duma on the initiative of the Ministry of Finance of the Government of the Russian Federation. Thus, the sanctioned products and …
Russia's Finance Ministry to help Armenia in implementation of public finance management system
Yesterday, Minister of Finance of Armenia, Vardan Aramyan, held a meeting in Moscow with his Russian counterpart, Anton Siluanov, the press service of Armenian Ministry of Finance reports. The Russian …
Why does Russia need ruble to be stable?
The Russian government along with the Central Bank are preparing a joint strategy to tackle ruble long-term volatility, the First Deputy Prime Minister of Russia, Igor Shuvalov, told Bloomberg. "It is obvious …
Russian Finance Ministry: we have no plans to issue more Eurobonds now
Russia is not considering plans to issue more Eurobonds, but the government may adjust domestic borrowing plans in the autumn, Russian Deputy Finance Minister Sergey Storchak said. "We have tested the market," …
Siluanov promises to introduce excise taxes on harmful products from July 1st
The Russian Ministry of Finance proposes to set excise taxes on harmful products from July 1st of this year, Finance Minister Anton Siluanov stated on the sidelines of the 'United Russia' party congress. …
Will Russian Finance Ministry cancel tax benefits for oil industry?
Russia's Finance Ministry is preparing a tax reform for the oil industry, which may lead to the abolition of privileges for certain oil fields, Reuters agency reports, citing sources in the Ministry of Finance and the Ministry of Energy of …
Will 1998 crisis happen again in Russia?
Russia's budget must be agreed with the current economic situation, otherwise spontaneous "adjustment" may negatively affect the population through high inflation, as it happened in 1998 Russian financial crisis, Russian Finance …