Rosfinmonitoring proposed introducing an out-of-court procedure for blocking bank accounts and cards on suspicion of using them to finance terrorism, extremism, riots, and drug trafficking, Russian media reported.
The draft law is posted on the portal of draft regulatory legal acts.
It has been proposed to apply the extrajudicial procedure for...
Payments in cryptocurrency are prohibited in Russia, and the government does not intend to lift this ban, said Deputy Finance Minister Alexei Moiseev, Russian media reported.
At the same time, citizens can buy cryptocurrencies and use electronic wallets outside of Russia. "So it is, and I think this will remain...
According to a study of official government data, Russia's natural population has seen its greatest peacetime drop in recorded history during the past 12 months.
Russia's natural population — a number that includes recorded deaths and births but excludes the impacts of migration — fell by 997,000 between October 2020...
Following an inquiry, the Executive Board of the International Monetary Fund (IMF) renewed its confidence in Managing Director Kristalina Georgieva, according to a statement released by the Fund on Tuesday, TASS reports.
The inquiry began in September when WilmerHale released its audit of the World Bank's 2018 Doing Business report....
According to Russian President Dmitry Peskov's press secretary, the rise in inflation prediction is related to post-crisis instability and global tendencies. Previously, the Ministry of Economy upped its 2021 inflation prediction from 5.8 percent to 7.4 percent, Kommersant reports.
"Russia cannot exist in a closed system; it is a participant...
Global investors are pouring unprecedented sums into Russia's stock market. They have invested $170 million in the last week alone, Kommersant reports.
They are drawn in by the Russian market's emphasis on raw resources, which is benefitting from the rapid rise in oil and gas prices. The majority of...
American economists David Card, Joshua Angrist, and Guido Imbens will receive the Nobel Prize in Economics in 2021. Card won the Labor Economics Research Prize, while Angrist and Imbens were honored for their contributions to the study of causality, according to the award's website.
"This year's laureates... provided a unique...
The redesigned 100-ruble note will be created in 2022, but a substantial volume of it will not enter circulation until the end of the year, according to Mikhail Alekseev, Deputy Chairman of the Central Bank.
"It will take many months for credit institutions to set up their counting and sorting...
Prime Minister Mikhail Mishustin stated at a meeting with Deputy Prime Ministers on Monday that the Russian government expects infrastructure budget loans to become an incentive for the development of Russian regions.
"Infrastructure budget loans have demonstrated their use. The Russian Federation's subjects are quite interested in them. The number...
The main 136 countries of the world economy, including 37 countries of the Organization for Economic Cooperation and Development (OECD), have approved a tax rate of at least 15% for international corporations from 2023, the organization said in a statement.
The OECD includes almost all well-known countries, including the largest...
