Russian Ministry of Finance

Russian finance minister to attend G20 meeting virtually

Russian finance minister to attend G20 meeting virtually

G20 host Indonesia said on Thursday that Russian Finance Minister Anton Siluanov has confirmed he planned to attend next week's meeting of finance ministers and central bank governors from the Group of 20 major economies virtually. …

Russia doesn't default on its foreign debt

Russia doesn't default on its foreign debt

Russian Finance Minister Anton Siluanov has called the information spread by CNN about Russia defaulting on its foreign debt "incorrect". He elaborated that questions about why investors, including Americans, did not receive …

Russian National Wealth Fund down by $6.8 bln in February

Russian National Wealth Fund down by $6.8 bln in February

Russia’s National Wealth Fund (NWF) decreased by 675.16 bln rubles ($6.8 bln) in February 2022 to around 12.9 trillion rubles ($131 bln) as of March 1, 2022, the Finance Ministry said in a statement. "As of March 1, 2022, the …

Russia makes bond payment, avoids default

Russia makes bond payment, avoids default

Russia has completed a closely watched bond payment, the Finance Ministry said Thursday, avoiding what would have been the country’s first default on its foreign debt obligations in more than a century. “A payment order for …

Russia to spend up to $10 bln on buying Russian shares

Russia to spend up to $10 bln on buying Russian shares

The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies. The corresponding order was signed by Russian …

Inflation in Russia nears six-year peak

Inflation in Russia nears six-year peak

Russia’s annual inflation accelerated to a near six-year peak of 8.38% in late November, weeks ahead of a central bank meeting where it is expected to raise rates to rein in stubbornly rising consumer prices, economy ministry data showed on …

 Russia’s budget surplus reaches 2 tln rubles

Russia’s budget surplus reaches 2 tln rubles

Russia’s budget surplus in January-October 2021 amounted to 2.14 trillion rubles, according to the statement posted on the website of the Russian Finance Ministry.  In October, Russia’s budget surplus reached …

Russia among leaders in budget stimulation in G20

Russia among leaders in budget stimulation in G20

Russia is holding a leading position among the Group of Twenty (G20) countries in terms of budget stimulation, and the fiscal impetus in the country was 6.3% of GDP in 2020, Finance Minister Anton Siluanov said in the article posted in the …

Average Urals price down 34.4% over 2020

Average Urals price down 34.4% over 2020

The average Urals oil price plummeted by 34.38% year-on-year in 2020 to $41.73 per barrel, the Russian Ministry of Finance said. "The average price of the Urals oil blend in January - December 2020 evolved as $41.73 per barrel; in …

Russian government buys 50% in Sberbank

Russian government buys 50% in Sberbank

The Russian government has bought 50% in the Russia’s top bank Sberbank from the Russian central bank at 189.44 rubles per share through the Finance Ministry, spending 2.139 trillion rubles from the National Wealth Fund on the deal, the …

Bank of Russia decides not to save ruble with key rate cut

Bank of Russia decides not to save ruble with key rate cut

The Bank of Russia Board of Directors decided to keep the key rate at 6% per annum, the regulator said in a press release following the board’s meeting today. "On 20 March 2020, the Bank of Russia Board of Directors …

Russian government buys Sberbank

Russian government buys Sberbank

Russian Finance Ministry announced that it would purchase the central bank’s stake in Sberbank, Russia’s largest lender. The finance ministry said it would buy the central bank’s 50%-plus-one-share stake in Sberbank …