Finance Ministry says no recession in Russian economy
No recession is currently in Russia, Finance Minister Anton Siluanov said on the air with RT International.
Russian Ministry of Finance
UK sanctions imposed on 90% of Russian banking sector
The vast majority of Russian banks are under British sanctions, the kingdom's government department reports. Restrictive measures also concern the Central Bank of the Russian Federation and the Ministry of Finance.
Russia wants to unblock foreign assets in move to get its own holdings back
Russia’s government and the Bank of Russia have drafted a decree on unblocking a chunk of foreign assets to be exchanged for Russian …
Russia's oil export duty to rise by 25%
Russia's export duty on oil will rise by $4.5 to $21.4 per tonne beginning on September 1, 2023, according to the Russian Finance Ministry. The government plans to increase the oil export duty next month, up by a …
Russia’s Finance Minister names main factor in ruble weakening
The recent devaluation of the ruble is mostly attributable to the country's trade balance, Russia's Finance Minister Anton Siluanov …
Russia's budget deficit to reach 2-2.5% of GDP in 2023
Russia's federal budget deficit could exceed the planned 2% of GDP this year, Russian Finance Minister Anton Siluanov said. "Right now the size of the deficit is approximately at the level that we factored into …
Export duty on Russian oil goes down
The Ministry of Finance of the Russian Federation announced that Russia reduced the export duty on oil to $15.6 per ton from July 1. The duty on light and dark oil products also declined.
Duties on imported wine in Russia may increase in summer
Russia may increase import duties on wine, Russia's Deputy Finance Minister Alexei Sazanov said, noting that proposals of this type have been received. According to him, the proposals are being discussed by the commission on customs …
Russian Ministry of Finance to borrow 3.5 trln rubles to pay off debts
The Ministry of Finance intends to borrow 3.5 trln rubles in 2023
Russian Finance Ministry reveals budget deficit numbers
Russia’s federal budget deficit, according to the preliminary estimate by the Russian Finance Ministry, amounted to 3.41 …
Russia offers China to expand financial cooperation
Russian Finance Minister Anton Siluanov expressed the opinion that the increase of trade between Russia-China trade should be supported by the improvement of the mechanism for financial cooperation between the countries. …
Russia's Jan-Apr budget deficit hits 3.4 trln rubles
Russia's federal budget recorded a 3.4 trillion rouble ($43.8 billion) deficit in the first four months of the year, the Russian finance ministry said. Oil and gas revenues of the Russian budget plummeted by 46% year-on-year in …
Russia’s oil and gas budget revenues down bay almost 50%
Oil and gas revenues of the Russian budget, according to preliminary data, amounted to 426 bln rubles ($5.96 bln) in January 2023 and decreased by 46% compared to January 2022, the Ministry of Finance said on Monday. "Oil and gas …
Russia's budget deficit reaches 3.3 trln rubles in 2022
Russia had a federal budget deficit of tentatively 3.3 trillion rubles or 2.3% of GDP in 2022, Russian Finance Minister Anton Siluanov said at a cabinet meeting. "We overshot our revenue target last year, the total was just under …
Russian Finance Ministry expects low inflation in 1H 2023
Inflation in Russia in the first half of 2023 will be at a low level, Finance Minister Anton Siluanov told reporters on Tuesday. "Inflation is declining. In the first half of next year, it will definitely be at a low level," …
Russia’s budget parameters same after introduction of cap on oil prices
Russia’s Finance Ministry did not revise estimates of the federal budget after a number of unfriendly countries had introduced a cap on prices for Russian oil, Finance Minister Anton Siluanov told reporters on Tuesday. …
Russia makes ruble coupon payments on 2028 dollar-denominated Eurobonds
The Russian Finance Ministry said on Monday it had transferred 10.9 billion rubles, or the equivalent of $159.4 million, to the National Settlement Depository as coupon payments on U.S. dollar-denominated Russian Eurobonds due in 2028. …
Oil export duty in Russia to go up starting December 1
Russia’s oil export duty will go up by $0.6 to $43.3 per ton starting December 1, 2022, the Finance Ministry reported on Tuesday. The average price of the Urals crude oil amounted to $71.1 per barrel, or $519.2 per ton, in the …
Oil and gas revenues 7.5 bln rubles below expectations for Russian budget
The total deviation of actually received oil and gas revenues from the expected monthly volume and the estimate of the base monthly volume at the end of October 2022 was minus 7.5 billion rubles, the Russian Finance Ministry said on Thursday. …
Russian Finance Ministry not to abandon dollar completely
Russia will have to use foreign currencies, including the dollar, in respect of goods pegged to global prices, Russian Finance Minister Anton Siluanov said in an interview with RBC. "It will hardly be possible to completely do …
