Fiscal rule already essentially in effect, might be formally introduced in 2018 – Belousov

Oil Well file photo

MOSCOW. April 17 (Interfax) – The new fiscal rule that restricts Russian budget spending of additional oil and gas revenue is essentially already in effect, and it might be formally introduced in 2018, Kremlin aide Andrei Belousov said. “The fiscal rule comes down to cutting off the level of spending at an oil price of $40 per barrel. We negotiated […]

» Read more

Eurovision meets its Waterloo as Russia-Ukraine rivalry takes center stage

Joseph Stalin file photo

While Russian officials lost no time in lashing out over Ukraine’s Eurovision victory with a song about the Stalinist deportations of the Crimean Tatars, the results of the public vote suggest that Russia-Ukrainian enmity doesn’t extend to the general public. But the overtly political nature of the winning song may mark a watershed for the competition. (Russia Beyond the Headlines […]

» Read more

Russia Convenes Presidential Council to Boost Economy

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Anastasia Bazenkova – May 12, 2016) Stuck in a second year of recession and facing a long period of economic stagnation, Russian officials are searching hard for ways to stimulate growth. On May 25, a presidential economic council will convene for the first time in three years. According to presidential aide Andrei Belousov, it aims […]

» Read more