Russia will not ask the European Union to withdraw the 2014 sanctions amid the coronavirus pandemic, Russian Foreign Minister Sergey Lavrov said in an online interview Tuesday, according to Interfax.
"Should the European Union realize that the method has exhausted itself and withdraw its decisions made in 2014, then...
The Russian Finance Ministry said on Monday it had informed Luxembourg and Malta of increasing to 15 percent the tax on dividend and interest income derived from Russia, TASS reported.
"The Russian Finance Ministry has sent letters to the finance ministries of Luxembourg and Malta on introducing changes into the...
Russian President Vladimir Putin has asked the government to consider the possibility of supporting online food delivery services, including partial subsidizing of such delivery cost during the coronavirus pandemic period, TASS reports.
The relevant point is contained in the list of assignments of the head of state posted on the...
The head of Russia’s Audit Chamber Alexei Kudrin said that the number of unemployed in Russia could temporarily increase from 2.5 million to 8 million people due to coronavirus outbreak, TASS reported.
"According to the forecast for this crisis, which has now started in Russia, the number of unemployed for...
The Russian government has completed the purchase of a majority stake in Sberbank from the Bank of Russia in a 2.1 trillion ruble ($28.5 billion) deal, Vedomosti reported.
The government tapped into its sovereign wealth fund to finance the unorthodox purchase, which was first rumored to be on the cards...
The combined impact of the coronavirus outbreak and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia has brought sharp volatility to Russian stock markets and swings in the value of the ruble, The Moscow Times writes.
Oil prices fell again Friday as investors grew increasingly...
Credit rating agency Fitch has affirmed the Russian Yamal-Nenets Autonomous District's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB' with Stable Outlooks and Short-Term Foreign-Currency IDR at 'F2', it said in a statement.
The region's senior unsecured debt ratings have been affirmed at 'BBB'.
“The affirmation reflects Fitch's expectations...
The Russian Audit Chamber has uncovered holdups and glitches in the financing of President Vladimir Putin’s National Projects, which until recently were considered the main vector of the country's development, Nezavisimaya Gazeta wrote.
According to the auditors, the federal budget’s expenditures for the implementation of the projects and the Comprehensive...
A day before Russia’s massive coronavirus shutdown took effect, on March 27, the Moscow Mayor’s office signed a contract reportedly worth 3.2 billion rubles ($42.4 million) to purchase new concrete curbsides for the city, Meduza reports.
The city’s largest contract for curbstone supplies so far was with “Bashkirsky Kamen” (Bashir...
The Bank of Russia, which has been on a gold-buying spree for years, has reversed the trend by first reducing and then completely suspending gold purchases for state reserves, Nezavisimaya Gazeta writes.
Experts attribute this to a growing demand for foreign currency amid the coronavirus crisis. Last year, gold exports...
