NEWSWATCH: “Russian officials: We’re not counting on Trump to lift sanctions. #Russia says plans for 2017 based on sanctions” – CNN Money

Igor Shuvalov file photo

“Russia is not banking on Donald Trump scrapping economic sanctions any time soon. First deputy prime minister Igor Shuvalov said the Russian government’s plans for 2017 are based on the expectations that sanctions are here to stay. ‘Perhaps the market is expecting an improvement in our relationship … [but] in our work, we operate on the basis of continued sanctions,’ […]

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RUSSIALINK: “Deputy Prime Minister: Too Early to ‘Discharge’ Russia’s Economy ‘From Hospital'” – Sputnik News

Igor Shuvalov file photo

“… ‘We could say that we have been discharged from the hospital, when we have a sustainable growth and increase in our citizens income. At the moment we can not see it,’ Shuvalov told the Rossiya-24 broadcaster …”

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TRANSCRIPT: [Putin, Shuvalov, Livanov, Galushka at] Meeting with Government members

Siberian River, Forest, Mountain

(Kremlin.ru – August 10, 2016) Vladimir Putin met with Government members to discuss measures to develop Russia’s Far East and a number of routine matters, in particular, the results of this year’s national final school exam and support measures for single-employer towns. President of Russia Vladimir Putin: Good afternoon colleagues, We agreed to discuss matters regarding the development of the […]

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Interfax: Foreign investors believe in Russia’s prospects despite sanctions – Shuvalov

Igor Shuvalov file photo

(Interfax – May 22, 2016) Foreign investors believe in the prospects of Russian economy and are setting up their productions here, Russian First Deputy Prime Minister Igor Shuvalov said in the Sunday Evening with Vladimir Solovyev show on Rossiya 1 (VGTRK) television on May 22. “If you take a look at how many new plants are opening now [in the […]

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Shuvalov: economic situation in Russia is difficult, there is no influx of guest workers to Russia

Russian Migrant Workers file photo

MOSCOW. Feb 26 (Interfax) – Russian First Deputy Prime Minister Igor Shuvalov said there is no big influx of foreign labor migrants to Russia amid the economic problems. “We need to understand that the economic situation in the country is very difficult. Migrants are not so active now as they were when our national currency was rather strong,” Shuvalov said […]

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Economic Minister says moderate economic growth possible in Russia in 2016

Alexei Ulyukayev file photo

(Interfax – February 2, 2016) Economic Development Minister Alexei Ulyukayev does not rule out the possibility of the Russian economy shifting to moderate growth in 2016. “A shift is already possible this year, perhaps, to moderate, recovery growth in the economy for the time being. We should be prepared for this,” Ulyukayev said at a ministry meeting on Feb. 2. […]

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Interfax: Russian authorities know how to take inflation under control, to reach plan by yearend – Shuvalov

Igor Shuvalov file photo

MOSCOW. Oct 21 (Interfax) – The Russian authorities know how to take inflation under control; by the end of 2015 it will reach planned levels, Russian First Deputy Prime Minister Igor Shuvalov said at the State Duma on Wednesday. “I can say that in terms of growth rates and inflation – which concerned us most of all within the macro […]

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Russia now in extremely difficult economic condition, but could use this for reform – Shuvalov

Igor Shuvalov file photo

(Interfax – January 23, 2015) The Russian economy is currently in extremely difficult economic condition, and Russia’s problems should not be underestimated, Russian First Deputy Prime Minister Igor Shuvalov said at Sberbank’s business breakfast at the Davos forum. “Russia is currently in an extremely difficult situation. Our economic situation isn’t good,” he said. There are different development scenarios for the […]

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Deputy Prime Minister Shuvalov Sees Hard Landing for Russia

Igor Shuvalov file photo

(Bloomberg – bloomberg.com – Olga Tanas, Ott Ummelas, Anna Andrianova – January 23, 2015) Russia is in an “extremely difficult” economic situation and faces a worse crisis than in 2008-2009, according to First Deputy Prime Minister Igor Shuvalov. The country must prepare for a hard landing, Shuvalov said at a breakfast organized by the nation’s biggest lender, OAO Sberbank (SBER), […]

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Business New Europe: Russia prepares RUB1.375 trillion anti-crisis plan

File Photo of Cash, Coins, Line Graph

(Business New Europe – bne.eu – bne IntelliNews – January 22, 2015) Russia’s President Vladimir Putin has approved the provisional version of an anti-crisis plan drawn up by the government. According to media reports, the plan involves recapitalisation of banks, provision of state guarantees, support measures for state development bank VEB and diverse sectors, changes to state procurement laws and […]

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Big Foreign Business Turns Blind Eye to Ukraine Sanctions

Truck at Russian Border Crossing

(Moscow Times – themoscowtimes.com – Peter Hobson – ALABUGA, Tatarstan, April 28, 2014) As Western politicians huffed and puffed about slapping additional sanctions on Russia, captains of big global business in the country showed no jitters as they met with top Russian officials Friday. Moreover, the only person to mention Russia’s clash with the West over Ukraine at a meeting […]

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Interfax: Foreign investors not put off by Western sanctions – Russian deputy PM

Igor Shuvalov file photo

(Interfax – Vladivostok, April 26, 2014) Many foreign investors that have long been working in Russia are not planning to leave the country and intend to make new investments in the Russian Federation despite Western sanctions, First Deputy Prime Minister Igor Shuvalov has said. “These are investors who have been working in Russia for many years and usually describe how […]

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Interfax: Foreign business more concerned about psychological, political aspects in Russia – official

Igor Shuvalov file photo

(Interfax – December 16, 2013) Major foreign business has been recently concerned mostly about the psychological and political aspects in Russia, not with the business climate itself, Russian First Deputy Prime Minister Igor Shuvalov said on Monday when speaking at the conference “100 Steps Towards Favorable Investment Climates. Achievements and New Challenges” organized by the Vedomosti newspaper. “I have recently […]

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Russia Beyond the Headlines/RIA Novosti: Moscow willing to negotiate with Ukraine

Maidan Square file photo

(Russia Beyond the Headlines – rbth.ru – December 13, 2013 – Nikolay Surkov, RBTH) Putin says there’s room for avoiding a confrontation between the European Union and the Eurasian Union. Seeking to ease tensions and move the discussion on Ukraine in a constructive direction, Deputy Prime Minister Igor Shuvalov said Russia is ready to negotiate on any type of customs […]

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Interfax: Shuvalov: modest GDP growth given high oil prices means little real growth

Igor Shuvalov file photo

MOSCOW. Nov 27 (Interfax) – Russia’s modest economic growth despite high oil prices means that the economy is barely growing at all, First Deputy Prime Minister Igor Shuvalov said. “Given such high prices for energy resources, it must be acknowledged that we are not in fact growing,” Shuvalov said at a business conference on Wednesday. That circumstance makes the development […]

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Interfax: Russian hopes to complete work on OECD accession in 2014

OECD Logo

MOSCOW. Nov 25 (Interfax) – Russian federal executive authorities and the OECD should increase their work to complete the relevant work for Russia’s accession to the organization before the end of 2014, a Russian government presidium decision published on the government website on Monday shows. The Russian Economic Development, Natural Resources, Industry and Trade Ministries and other federal executive bodies […]

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Shuvalov Considers Delaying Rosneft Sale Until 2016

File Photo Rosneft and Russian Flags Next to Rosneft Banner

(Moscow Times – themoscowtimes.com – Andrew McChesney – November 13, 2013) The government is considering delaying the privatization of oil giant Rosneft until 2016 or later as it seeks to maximize the price it can secure. Rosneft is scheduled to be privatized in 2015, and a postponement could put a dent in projected government spending. “We will have to discuss […]

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Shuvalov: Time to hand additional powers to regions

Igor Shuvalov file photo

(Interfax – MOSCOW, October 21, 2013) The time has come for the federal government to hand additional powers over to the regions, First Deputy Prime Minister Igor Shuvalov told a world economic forum in Moscow. “It’s time indeed to transfer additional powers to the regions,” he said. “Certain financial resources could also be additionally provided to the municipal level,” he […]

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Russia to set up Federal Copyright Service

Igor Shuvalov file photo

(Interfax – MOSCOW, October 14, 2013) Russian First Deputy Prime Minister Igor Shuvalov chaired a meeting last week where it was decided that Russia would set up a Federal Copyright Service, Izvestia newspaper reported Monday. “The new structure will offer government services to register and protect intellectual property, legal regulation, supervision and coordination of authorities in this area,” the paper […]

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Shuvalov Criticizes ‘Low’ State Salaries

Igor Shuvalov file photo

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – September 9, 2013) First Deputy Prime Minister Igor Shuvalov on Tuesday griped about proposed raises in government salaries, describing them as insufficient, adding to the unabated broadsides aimed at the federal budget plan for next year. His comments highlighted the tensions bred by a lower-than-expected increase in government spending. “The salaries that […]

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Shuvalov: Russia to suspend megaprojects, develop transport infrastructure

Igor Shuvalov file photo

(Interfax – VLADIVOSTOK, September 28, 2013) – Russia will take a break in megaprojects under the current complex circumstances but will continue to develop its transport infrastructure. “There will be no such megaprojects as the Sochi Games in 2014 but there will be other very important projects, such as transport infrastructure for greater passenger and cargo mobility. They will not […]

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Kremlin not increasing pressure on government – deputy premier

Igor Shuvalov file photo

(Interfax – June 21, 2013) The Kremlin is not increasing pressure on the Russian government; President Vladimir Putin is simply changing the principles governing the work of the executive authorities, Deputy Prime Minister Igor Shuvalov has said. Shuvalov was speaking in an interview to internet and satellite broadcaster Dozhd TV on 21 June on the sidelines of the St Petersburg […]

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Progressive income tax scale in Russia feasible from 2018 – Shuvalov

Igor Shuvalov file photo

(Interfax -ST. PETERSBURG, June 20, 2013) It would be feasible to introduce a progressive income tax scale in Russia in 2018, when the current political cycle ends, First Deputy Prime Minister Igor Shuvalov told reporters on the sidelines of the St Petersburg Economic Forum. “It would probably make sense to make the transition to different taxation for personal income from […]

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Interfax: Over half of foreign investors see positive changes in Russia’s investment climate – Shuvalov

Igor Shuvalov file photo

(Interfax – KALININGRAD, May 24, 2013) More than half of foreign investors welcome positive changes in Russia’s investment policy, Russian First Deputy Prime Minister Igor Shuvalov said. “The government believes that the investment climate in Russia is improving now. This is what foreign investors are saying. As many as 53% foreign companies working in the country confirm this opinion,” Shuvalov […]

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No agreement in Russian government over economic growth measures – deputy PM

Igor Shuvalov file photo

(Interfax – May 23, 2013) First Deputy Prime Minister Igor Shuvalov has said there will be no recession in Russia in 2013, Russian Interfax news agency reported on 23 May. “The will be no recession this year. This is my short answer,” Shuvalov said at a briefing on 23 May. He said that currently the economy was not in a […]

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Russia will not have recession in 2013 – official

Igor Shuvalov file photo

(Interfax – May 23, 2013) Russian First Deputy Prime Minister Igor Shuvalov does not think that Russia will have a recession this year. “There won’t be a recession this year. Short answer,” he said at a Thursday briefing. The economy is not currently in a crisis situation. The issue is that the government is not satisfied with current growth levels […]

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Russian economy not in recession; no urgent need for economic stimulus – Shuvalov

Igor Shuvalov file photo

(Interfax – MOSCOW, April 18, 2013) The Russian government does not have to undertake immediate action to stimulate economic growth, First Deputy Prime Minister Igor Shuvalov said. There is “dissatisfaction with the pace of economic growth,” he said, but the Russian economy is not in recession. “This is no place for emotions. Of course there can be stimulation of one […]

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Shuvalov Sees Anti-Corruption Drive as Risk for Government Staffing

Igor Shuvalov file photo

(Moscow Times – themoscowtimes.com – April 19, 2013) Overzealousness in the fight against corruption could drain the civil service of many valuable cadres, First Deputy Prime Minister Igor Shuvalov said. Speaking at the Russia 2013 business forum on Thursday, Shuvalov said that corruption is present around the world, but in Russia it has been blown out of proportion, Vedomosti reported. […]

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Russian Cabinet Member to Repatriate Assets as Restrictions Loom

Igor Shuvalov file photo

(Bloomberg – bloomberg.com – Olga Tanas & Scott Rose – April 12, 2013) Russian First Deputy Prime Minister Igor Shuvalov and his wife, the second-biggest earners among families of Cabinet members, plan to move their assets under Russian jurisdiction to comply with new restrictions. Shuvalov and his wife Olga are planning to shift their foreign holdings, Alexander Machevsky, a spokesman […]

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Russia Seeks China Resources Investment – Shuvalov

China Map

(RIA Novosti – MOSCOW, April 10, 2013) ­ Russia plans to offer Chinese investors participation in joint natural resources projects and is ready to give Beijing access to Russian mineral deposits, First Deputy Prime Minister Igor Shuvalov said on Wednesday. In an interview with Chinese media ahead of a visit by a Russian delegation on April 15, Shuvalov said Russia […]

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Russian govt will not influence Central Bank independence in order to speed up econ growth

Igor Shuvalov file photo

(Interfax – MOSCOW, April 3, 2013) The Russian government will not influence the Central Bank’s independence in decision-making in order to accelerate economic growth, First Deputy Prime Minister Igor Shuvalov said at a conference entitled ‘Economic and Social Modernization’ at the Higher School of Economics on Wednesday. “The key principles behind the Central Bank’s work will continue and, eventually, they […]

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Russian Economic Slowdown A Worry, But Is No Recession – First Deputy PM

Igor Shuvalov file photo

(RIA Novosti Yakutsk, April 2, 2013) The government is concerned about a slowing of economic growth in Russia at the start of 2013, however it does not signify a recession, First Deputy Prime Minister Igor Shuvalov told journalists. In January-February, GDP growth in Russia stood at 0.9 per cent compared to last year’s figure of 4.3 per cent, and in […]

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Shuvalov Firm on Tax Policy

Igor Shuvalov file photo

(Moscow Times – themoscowtimes.com – January 16, 2013) First Deputy Prime Minister Igor Shuvalov said Wednesday that the government would not raise taxes for business before 2018, provided that events of a “global” scale do not influence the situation. In an interview published in Kommersant on Wednesday, Shuvalov said that the government finalized its midterm tax strategy last year. “Up […]

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Year 2012 showed that Russia has learned to deal with problems – Shuvalov

Igor Shuvalov file photo

(Interfax – January 16, 2013) Year 2012 was calm politically and good economically, despite the difficult State Duma and presidential elections, First Deputy Prime Minister Igor Shuvalov said in an interview published in the Wednesday edition of Kommersant. “To me, as a government official, our condition at the end of 2012 is an additional confirmation that the country has learned […]

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Putin Misses Business Group’s Forum

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Rachel Nielsen – November 15, 2012) At Wednesday’s congress of a major business lobbying group, the president of the country pulled a no-show, the first deputy prime minister told the group to avoid politics and a State Duma deputy personally fielded business complaints. The congress was the 10th annual gathering for Opora, a nationwide group […]

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Think Tank Reopens Shuvalov Corruption Scandal

Igor Shuvalov file photo

(Moscow Times – themoscowtimes.com – Howard Amos – November 8, 2012) [think tank report here http://henryjacksonsociety.org/wp-content/uploads/2012/11/HJS-The-Shuvalov-Affair-Report-4.pdf] A London-based think tank is reigniting the row over allegations of corruption against Deputy Prime Minister Igor Shuvalov with the publication of a new report Thursday. The document, produced by the Henry Jackson Society and obtained in advance of its release by The Moscow […]

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Shuvalov Denies State Boosting Role in Oil

Oil Well file photo

BERLIN, October 26 (RIA Novosti)-State-owned oil giant Rosneft’s acquisition of TNK-BP does not signify an increase in state control of the Russian oil sector, and no one in Russia is building state capitalism, First Deputy Prime Minister Igor Shuvalov said on Friday. “The sale of TNK-BP to Rosneft does not represent an increase in state control of the oil sector, […]

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