Monday, May 12, 2025
The Russian government has been making promises of a tax holiday to tempt unregistered Russian firms to come out of the shadow economy and eventually pay taxes to the state, but Moscow’s track record as far as keeping its promises means that very few firms have taken up its...
The trade turnover between Russia and China in January increased by 27% in annual terms to $8.25 billion, according to the report of the General Administration of Customs of China published on Thursday. In the first month of this year, the volume of exports from China to Russia increased by...
Russia has increased its investment in Mexico by 400% during president’s Enrique Pena Nieto’s government, American-Spanish language media outlet Univision reports, noting Moscow’s trend of warming up to the country “at a time when the U.S. is planning to raise walls”. Despite Russia’s investment in Mexico now reaching only $14.4 million,...
U.S. Secretary of State Rex Tillerson says Russia is already trying to influence the U.S. midterm election, warning that it will be difficult for the United States to "preempt" it. In an interview with Fox News from Bogotá, Colombia, where he met with Colombian President Juan Manuel Santos, Tillerson said Russia...
Russia’s sluggish economic performance is linked to poor Russians with low purchasing power, a senior government official has said. Deputy Prime Minister Olga Golodets warned on Wednesday that economic development would face "serious difficulties" if the decline in wages was not reversed, The Moscow Times reported. Russia just recently climbed out...
Russia’s Federal Customs Service announced that it transferred 4.575 trillion rubles ($80 billion) to the Russian federal budget, more than it was previously planned, TASS agency reported. "The final figure for 2017 - 4.575 trillion rubles ($80bn)," the head of the Customs Service Vladimir Bulavin said, noting that for 2018,...
In line with UN Security Council resolution adopted last December, Russia has started to deport North Korean workers, Moscow’s ambassador to North Korea Alexander Matsegora told Russian journalists in New York. "Many governors have started to deport Koreans in order to report early implementation ," he said, adding that the...
  Russian oligarchs listed on the U.S. Treasury’s ‘Putin list’ are beginning to face additional scrutiny on at least some financial transactions, Bloomberg reported. The U.S. authorities last week published a list of politicians and businessmen identified as allies of President Vladimir Putin, which contains 210 Russian billionaires and top government...
Russia’s policy of import substitution could end up being nothing more than a motivating slogan, experts from the Gaidar Institute, the Russian Presidential Academy of National Economy (RANEPA) and the Russian Foreign Trade Academy said, adding that domestic products rarely replace foreign counterparts successfully. According to TASS agency, along those lines, the...
A new bill drafted by the Russian Ministry of Finance will allow the creation of offshore companies to trade cryptocurrencies, Bitcoin reported, citing Russian media. The move follows a bill regulating the legal framework for cryptocurrencies, which entered Parliament procedures last month. Deputy Finance Minister Alexei Moiseev told journalists that...