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Russia's finance ministry is proposing to raise the cut-off oil price for its fiscal rule - the level at which Moscow starts buying foreign currency with profits on energy sales - to $60 a barrel, the Vedomosti daily reported on Tuesday. …
Russia does not refuse fulfilling its debt obligations to all categories of investors, the Ministry of Finance said in a statement. "The Russian Federation does not refuse to fulfill its debt obligations to all categories of …
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. …
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 …
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 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 …
The Finance Ministry of Russia specified its actions in terms of servicing the country’s public debt. The ministry will give all the necessary instructions to agents, provided that the accounts of the Bank of Russia and the government are …
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 …
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 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's Finance Minister Anton Siluanov is self-isolating, the head of the upper house of parliament said on Tuesday as COVID-19 cases in the country increased and a record daily death toll was recorded. "We wish you to get …
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 …
The Russian economy is recovering quicker than the government had expected, Deputy Finance Minister Vladimir Kolychev said on Tuesday. The Russian economy shrank 3% in 2020 amid a drop in oil prices and the COVID-19 pandemic. It is …
Russia’s energy and finance ministries have agreed to reduce fuel tax from May 1, cutting 350 billion roubles ($4.5 billion) from the state budget in 2021-2023, they said on Tuesday. The finance ministry said …
The United States' new anti-Russian sanctions will include restrictions linked with Russia’s sovereign debt, Reuters said on Thursday citing its sources. According to Reuters, the new batch of sanctions is expected to be …
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 …
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 …
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 …
Russia’s budget will swing into a deficit this year due to the crash in oil prices and the economic impact of coronavirus, Russian finance minister Anton Siluanov said. "A decrease in energy prices has always …
Russia’s Finance Ministry said it would sell foreign exchange reserves in a bid to stabilize the ruble. “The value of liquid assets of the NWF and funds in the account for additional oil and gas revenues stand at more than …
