Russian Ministry of Finance

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Russia raises crude export duty by $5.8 on June 1

Russia raises crude export duty by $5.8 on June 1

Russia's crude export duty will be increased by $5.8 to $110.4 per ton from June 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $104.6 per ton.  From April …

GAZ Group to be nationalized?

GAZ Group to be nationalized?

Russia’s largest commercial carmaker GAZ Group might go bankrupt and may be nationalized due to U.S. sanctions, Russian businessman Oleg Deripaska said in an interview at the company’s headquarters. …

Sberbank sets Russia's record in dividends

Sberbank sets Russia's record in dividends

The supervisory board of Russia’s biggest lender Sberbank has recommended paying 361.4 billion rubles ($5.62 billion)   in dividends for 2018, CEO German Gref said. The dividend payment will account …

Russia refuses to place Eurobonds

Russia refuses to place Eurobonds

Russia's Finance Ministry sees no particular need to issue Eurobonds this year, Deputy Russian Finance Minister Sergei Storchak said. The Finance Ministry plans to focus on the domestic debt market, he noted, describing …

Russia raises crude export duty by $7.2 on May 1

Russia raises crude export duty by $7.2 on May 1

Russia's crude export duty will be increased by $7.2 to $106.6 per ton from May 1, 2019, according to the Russian Finance Ministry's website. From March 15 to April 14, the average price of Urals petroleum mix was …

 Russia's Central Bank buys forex worth 18.3 bln rubles

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 …

 Siluanov: Russia achieves best results over past decade

Siluanov: Russia achieves best results over past decade

Russia's budget is balanced with the oil price of $35-45 per barrel, which is one of the best results over the past ten years, Russia's First Deputy Prime Minister and Finance Minister Anton Siluanov said at an expanded …

Russia borrows record amount in the West

Russia borrows record amount in the West

Global Head of Debt Capital Markets at VTB Capital Andrey Solovyev said investors from the United Kingdom, the United States and Russia were the main buyers of dollar-denominated and euro-denominated Russian Eurobonds. …

Russia's Finance Ministry: 10% of state employees to be cut

Russia's Finance Ministry: 10% of state employees to be cut

The Russian government will start to reduce the number of state employees and raise wages to a competitive level next year, Russia's First Deputy Finance Minister Tatyana Nesterenko said in a speech to the Federal …

 Russia raises crude export duty by 10.5 on March 1

Russia raises crude export duty by 10.5 on March 1

Russia's crude export duty will be increased by $10.5 to $91.2 per ton from March 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $80.7 per ton.  …