Dvorkovich does not rule out raising income tax in Russia
Russia’s Deputy Prime Minister Arkady Dvorkovich does not rule out raising income tax to more than 13%, TASS reported. …
Russian Ministry of Finance
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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 …
Russia to up daily foreign currency purchases to record high
Russia's Finance Ministry said it would increase its daily purchases of foreign currency for state reserves to the equivalent of 15.7 billion rubles ($277.39 million) between February 7 and March 6, a record high. According to the …
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 …
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 …
Russian Ministry of Economic Development about NWF in 2018
The Russian National Wealth Fund will be increased by about $50 billion, according to a forecast in the "economic situation" report, published by the Russian Ministry of Economic Development. The document notes that 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 Ministry suggests taxation of mining
Russia's Finance Ministry suggests collecting a tax on mining similarly to taxes on business operations, the Deputy Finance Minister Alexei Moiseev said. "We categorize mining as a business activity. Sole …
Russia's Finance Ministry: no domino effect from Promsvyazbank bail-out
A decision by the Russian central bank to rescue Promsvyazbank will not have a 'domino effect' in the Russian banking sector, Russia's Deputy Finance Minister Alexei Moiseev said. The central bank on Friday …
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% …
Urals oil price increases by 27.3% this year
The average price of Urals oil in January-November 2017 was $52.17 per barrel, the website of the Russian Finance Ministry said. In 2016 the average price of Urals oil was $41.02 per barrel. Accordingly, in annual terms, …
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 to purchase foreign exchange worth $2.1 bln
Russia’s Finance Ministry will purchase foreign exchange in the amount of 122.8 bln rubles ($2.1 bln) of extra oil revenues in the period between November 8 and December 6, 2017, the ministry said, adding that extra oil revenues are …
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 …
Russian Central Bank considers capital sanctions for crisis times
Russia's Finance Ministry and the country's Central Bank plan to discuss a mechanism to introduce capital controls in the event of a severe crisis, the country's Deputy Finance Minister Vladimir Kolychev …
Russia reduces budget's dependence on oil
Russia's non-oil and gas budget deficit will be less than 6% in 2018-2020, the head of the Russian Ministry of Finance Anton Siluanov said, speaking yesterday at the meeting of the State Duma Committee on Budget and …
