Interfax: Moody’s upgrades Russia rating outlook to stable

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MOSCOW. Feb 20 (Interfax) – Moody’s Investors Service has changed the outlook for Russia’s sovereign ratings to stable from negative. Russia’s issuer rating and the rating for Russian government bonds have been affirmed at Ba1, and the short-term rating has been affirmed at Not Prime, the rating agency said in a press release. Finance Minister Anton Siluanov welcomed Moody’s decision. […]

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Russian Finance Minister Siluanov expects oil price to go under $30 per bar

Anton Siluanov file photo

(Interfax – December 12, 2015) Russian Finance Minister Anton Siluanov anticipates that price for oil in some periods of time in 2016 could drop to $30 per barrel. “We had hardly passed the budget before we saw that the macroeconomic situation was changing. It’s changing not for the better. We based our budget on the presumption that the price would […]

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Interfax: Minister sees Moody’s upgrading Russia rating outlook as recognition of effective policy

Anton Siluanov file photo

MOSCOW. Dec 4 (Interfax) – Moody’s Investors Service’s decision to upgrade the rating outlook for Russian government bonds to stable from negative is an acknowledgement of the effectiveness of the Russian authorities’ fiscal and monetary policies, Finance Minister Anton Siluanov told reporters. “The upgrade of the outlook, made for the first time in a fairly long time, indicates recognition of […]

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Russian MinFin adjusts revenue for 2016 budget to 13.74 trln rubles, spending to 16.1 trln rubles

Anton Siluanov file photo

MOSCOW. Oct 22 (Interfax) – The Russian Finance Ministry has increased the parameters for the revenue and spending of the 2016 federal budget to 13.738 trillion rubles and 16.098 trillion rubles, respectively, Russian Finance Minister Anton Siluanov told journalists. “Revenue is 13.7385 trillion and spending is 16.0987 trillion rubles,” he said. Earlier the draft budget envisaged revenue of 13.57 trillion […]

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NEWSLINK Reuters: Russia must review participation in international funds – finance minister

Anton Siluanov file photo

Russia must review its participation in international financial organisations because the country is paying too much in fees, Finance Minister Anton Siluanov said on Wednesday. http://www.reuters.com/article/2015/04/15/russia-crisis-internationalfunds-idUSR4N0X602D20150415

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NEWSLINK: Russia puts losses from sanctions, cheaper oil at up to $140 billion/year

Anton Siluanov file photo

[“Russia puts losses from sanctions, cheaper oil at up to $140 billion/year” – Reuters – Nov. 24, 2014] Reuters reports on Russia’s claims about the extent to which Western sanctions and lower oil prices are impacting the Russian economy. The assertions were made by Russian Finance Minister Anton Siluanov at a Monday press conference. Lower oil prices and Western financial sanctions […]

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Russian Capital Flight May Hit $130 Billion, Finance Minister Says

Anton Siluanov file photo

(Moscow Times – themoscowtimes.com – November 18, 2014) Capital outflow from Russia could grow to $130 billion this year, Finance Minister Anton Siluanov said Monday, news agency Bloomberg reported. The prediction brings the government’s expectations closer to that of the Russian Central Bank, which said on Nov. 10 that capital outflow could hit $128 billion in 2014. Investors have been […]

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