Russian Ministry of Finance

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Russia's Central Bank bought forex worth 7 bln rubles on Jan 18

Russia's Central Bank bought forex worth 7 bln rubles on Jan 18

Russia’s Central Bank bought foreign currency worth 7.04 billion rubles on January 18 as it resumed its forex purchases for the state reserves, the bank said. The Finance Ministry had said it would allocate 265.8 billion rubles or …

Pensions to be voluntary in Russia?

Pensions to be voluntary in Russia?

Chairperson of the Russian Central Bank Elvira Nabiullina described the introduction of the individual pension capital system as a priority of the Russian Central bank. Nabiullina said that the share of institutional …

Russia’s Finance Ministry announces FX purchase volumes

Russia’s Finance Ministry announces FX purchase volumes

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. …

What does 2019 bring for Russia?

What does 2019 bring for Russia?

The year 2019 marks changes in various areas of the country's life. Among other things, a slew of amendments to Russia’s Tax Code concerning both individuals and legal entities come into force starting from January 1, 2019.  …

Russia's oil export duty to fall by $46.1 in January

Russia's oil export duty to fall by $46.1 in January

Average price of Russia's Urals crude from prices recorded between November 15 to December 14 amounted to $60.47 per barrel, the Russian Finance Ministry reported. Russia’s oil export duty is expected to fall by $46.1 …

Will Russia issue Eurobonds in euros once again?

Will Russia issue Eurobonds in euros once again?

Russia's Finance Ministry is planning its first euro-denominated bond in half a decade as Moscow strives to reduce dependence on the U.S. dollar. The Eurobond settlement date is scheduled for December 4, 2018, the bond's …

Nabiullina: VAT increase to impact growth and inflation

Nabiullina: VAT increase to impact growth and inflation

A higher value added tax will add 1 percentage point to Russia’s inflation rate next year and will have a short-term adverse impact on economic growth, Russian central bank governor Elvira Nabiullina said. …

Russia's oil export duty to rise by $14.5 in November

Russia's oil export duty to rise by $14.5 in November

Russia's oil export duty is expected to rise to $152 per tonne on November 1, data from the Russian finance ministry showed. Now the export duty is $137.5 per tonne. Thus, the export duty will rise by $14.5. …

Will Russia refuse placing eurobonds?

Will Russia refuse placing eurobonds?

Russian Deputy Finance Minister Sergei Storchak said on the sidelines of the International Monetary Fund (IMF) and World Bank meeting that Russia may refuse to enter the external borrowings market, noting that it's an …