state budget of Russia

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"One can forget about oil at $100 per barrel"

"One can forget about oil at $100 per barrel"

Russia’s Energy Minister Alexander Novak expressed an opinion that everyone has forgotten about oil at $100 per barrel. "We live based on mid-term oil price assumptions of $50 ... Our budget is based in …

Russia's three-year budget prepared with surplus

Russia's three-year budget prepared with surplus

The budget for 2020 and the planned period of 2021-2021 was submitted to the Committee on Budget and Taxes by Russia's State Duma Chairman Vyacheslav Volodin. The draft will be considered at the Duma …

Is new crisis in Russia only year and a half away?

Is new crisis in Russia only year and a half away?

Russia's next economic crisis may erupt in the next year and a half, according to experts of the Centre for Business Tendencies Studies at ISSEK NRU HSE. "If the trade war between the two largest economies in the …

 Russia's Central Bank buys forex worth 18.3 bln rubles

Russia's Central Bank buys forex worth 18.3 bln rubles

Russia’s Central Bank bought foreign currency worth 18.3 billion rubles on April 1 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry would allocate 310 billion rubles or an …

Russia’s Finance Ministry announces FX purchase volumes

Russia’s Finance Ministry announces FX purchase volumes

Russia’s Finance Ministry will acquire 265.8 billion rubles of foreign currency from the open market under the budget rule from January 15 through February 6, spending 15.6 billion rubles a day, the authority said in a statement. …

No budget deficit in Russia

No budget deficit in Russia

Russia's State Duma has passed amendments to the law on 2018 federal budget and the planned period of 2019-2020 today. On June 7, the State Duma passed amendments to the law on 2018 federal budget and the planned period of 2019-2020 …

Siluanov: exchange rate could be 50 rubles per dollar

Siluanov: exchange rate could be 50 rubles per dollar

If there were no budget rule, the exchange rate could be 50 rubles per dollar, Russia's Finance Minister Anton Siluanov said. Siluanov said that the budget rule, under which energy revenues from oil sold at over $40 …

Russia runs budget surplus

Russia runs budget surplus

The Russian government approved the draft amendment to the the bill on federal budget for 2018 and the planned period of 2019-2020. Information about this is published on the website of the Cabinet. "The draft law provides for …

Russian Central Bank: economic growth has taken hold

Russian Central Bank: economic growth has taken hold

Russia’s Central Bank has stated the trajectory of slow but steady economic growth, the regulator’s Research and Forecasting Department said in a report. The report added that the shift from moderately tough to neutral …

Russia's Federation Council approves budget for 2018-2020

Russia's Federation Council approves budget for 2018-2020

Russia's Federation Council passed the bill on federal budget for 2018 and the planned period of 2019-2020. According to the bill, Russia’s budget revenues will amount to 15.26 trillion rubles ($256 bln) in 2018, 15.55 …

Russia to spend up to 7 trillion rubles on army

Russia to spend up to 7 trillion rubles on army

The military budget of Russia in 2018-2020 will total almost 6,8 trillion rubles, Russia's Deputy Minister of Finance Leonid Gornin said at a meeting of the Council of the Federation Committee on Defense and …

 Russia’s federal budget for 2018-2020 adopted

Russia’s federal budget for 2018-2020 adopted

Russia’s State Duma has passed the bill on federal budget for 2018 and the planned period of 2019-2020 in its third reading.  According to the bill, Russia’s budget revenues will amount to 15.26 trillion rubles ($256 …

Russia to bring budget deficit down to zero

Russia to bring budget deficit down to zero

Russia's Finance Ministry expects that the budget deficit will be 2% this year, the head of the ministry Anton Siluanov said on the sidelines of the annual autumn meeting of the World Bank and the International Monetary …

Russia's minimum wage to increase by 53% in three years

Russia's minimum wage to increase by 53% in three years

The Russian government approved the draft law on increasing the minimum wage from January 1, 2018, setting it in the amount of 9,489 rubles ($164.2), the Russian Minister of Labor and Social Protection Maxim Topilin said. …