Russia lifts ban on tour sales to Israel
Israel's Ministry of Tourism has announced the removal of Russia's ban on selling tours to Israel. The Director-General expressed confidence that the situation in the country is safe.
Russian Ministry of Economic Development
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. …
Why will low inflation not save Russian economy?
The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …
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 …
Ministry of Economic Development: Russian-Iranian trade turnover doubled
The year-on-year trade turnover between Russia and Iran almost doubled in January 2017, exceeding $155 million, the Russian Ministry of Economic Development said. "The Russian-Iranian trade turnover in January 2017 increased by 98% …
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 …
Will cash payments to be limited in Russia?
The Russian Ministry of Finance and the Ministry of Economic Development are discussing plans to limit cash payments in a bid to combat Russia’s “shadow economy.” The new measures could include a ban on …
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 …
Export duty for Russian oil increases
The export duty for Russian oil has increased by $10.4 to $89.5 on February 1 from $79.1 per ton, the Russian Ministry of Economic Development said. The export duty for heavy oil has grown from $12 per ton in January to $13.9 per ton …
Azer Talibov appointed Russian Deputy Minister of Economic Development
Russian Prime Minister Dmitry Medvedev has appointed Azer Talibov the Deputy Minister of Economic Development of the Russian Federation. The corresponding order was published on the …
Russia appeals to WTO over EU duties
Russia appealed to the World Trade Organization to settle a dispute with the European Union over anti-dumping duties imposed on its steelmakers, the Russian Ministry of Economic Development said. "The reason for the suit was …
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 …
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, …
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 …
Shuvalov introduces Oreshkin to Economic Development ministry staff
There will be no revolutions in Russia’s Economic Development Ministry, though the formation of new departments and staff changes are possible, the First Russian Deputy Prime Minister Igor Shuvalov said, introducing new …
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 …
Moscow Court keeps Ulyukayev under house arrest
The Moscow City Court upheld the decision on the house arrest of the former Russian Economic Development Minister Alexei Ulyukayev. The court did not allow the former economy minister to talk to mass media …
Putin about Ulyukayev
Russian President Vladimir Putin said that he was considering several candidates to fill the position of the minister of economic development after its former holder, Alexei Ulyukayev, was put under house …
