Russian billionaires lost more thаn $3 billion in one day after President Putin’s economic assistant proposed to raise the taxes on the leading companies in Russia’s mining and metallurgy sector, Finanz.ru reports.
In a letter addressed to Putin, presidential aide Andrey Belousov named 14 companies from which the budget could...
Russian analysts say a planned move by the government to raise utility charges in 2019 could increase inflationary pressures in the economy in the first part of next year, Reuters reports.
Russia’s economy ministry on Tuesday proposed bringing forward part of a previously planned hike in the cost of utility...
Russian car owners are more open to using toll roads, says Avtodor, a company that runs major infrastructure projects on the building, developing and operating the motorway and highway networks, Izvestya reports.
Russian drivers have become more used to paying for services and tolls, and their interest towards electric vehicles...
The Russian Ministry of Finance published a draft amendment to the Tax Code, introducing the environmental tax in Russia starting from 2020, Kommersant reports.
It is designed to replace the existing fines for a negative impact on the environment. The new tax does not imply increasing payment rates, but it...
Russia’s largest lender, Sberbank, has been awarded a recognition as the best bank in Central and East Europe innovations in the sphere of using innovations in operations, the press service of the financial institution said on Monday.
According to RIA, the bank was referring to Global Finance magazine’s annual international...
Problems in the Turkish economy do not affect its bilateral projects with Russia, the Russian president’s spokesman Dmitry Peskov has said, according to RIA.
"I do not know how this situation can somehow affect the development of the projects . So far everything is moving along," he said.
Turkish President...
Russia’s finance ministry expects a budget surplus of 1.5 to two percent of GDP in 2018 instead of previously forecasted deficit, Russian First Deputy Prime Minister and Minister of Finance Anton Siluanov said on Sunday.
"The budget surplus is growing. I would like to say that instead of the previously...
The five states with shores on the Caspian Sea, including Russia, paved the way for more energy exploration and pipeline projects on Sunday, by principally agreeing how to divide up the potentially huge oil and gas resources of the sea, Reuters reported.
However, the dispute-causing delimitation of the seabed will...
Russia will further lower its holdings of U.S. bonds in response to new sanctions against Moscow but has no plans to shut down U.S. companies in Russia, Finance Minister Anton Siluanov said on state TV on Sunday, according to Gazeta.ru.
After the U.S. last week announced a new sanctions bill...
Russia offered “opportunities” to make money from Russian gold mining to one of the largest donors to the Brexit referendum campaign in Great Britain, The Guardian reported, citing a leaked document.
Details of a seven-slide presentation made to Arron Banks, the principal donor behind the campaign Leave.EU, were passed...
