Tag: Anton Siluanov

RUSSIALINK: “Cutting Russia off from SWIFT would become common problem, since Russian exports would not be waived – Siluanov” – Interfax

Economy, Business, Investment, Trade, Europe, EU, Sanctions, United States, U.S.-Russian Relations
Anton Siluanov file photo

MOSCOW. Dec 30 (Interfax) – Russia’s disconnection from SWIFT is theoretically possible, but such a decision would be a common headache: foreign partners, primarily in Europe, will not be able to waive exports from Russia and will be forced to look for other methods of payments, Finance Minister Anton Siluanov said in an interview with the Rossiya 24 television channel. […]

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JRL NEWSWATCH: “Russia Cuts Dollar Holdings From $119 Billion Wealth Fund Amid Sanctions” – Bloomberg

Economy, Business, Investment, Trade, JRL NewsBlog, United States, U.S.-Russian Relations
Diverse Paper Currency, Coins, Line Graph

“Russia said it will eliminate the dollar from its oil fund [the National Wellbeing Fund] to reduce vulnerability to Western sanctions …. The wealth fund currently holds 35% of its liquid assets in dollars, … about $41.5 billion, with the same amount in euros and the rest spread across yuan, gold, yen and pounds. After the change, the fund’s assets […]

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RUSSIALINK: “Pandemic to cost Russia 9% of GDP in 2020-2021 – Siluanov” – Interfax

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse, Politics, Government, Protests, Elections
Anton Siluanov file photo

Measures to combat the coronavirus pandemic and cover the budget revenue shortfall will cost Russia around 9% of its GDP in 2020-2021, Finance Minister Anton Siluanov said […]

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RUSSIALINK: “Russia’s Economic Woes Continue to Mount During Coronavirus Outbreak” – Moscow Times

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

As the Kremlin resists pressure to spend, official statistics show economic activity down by a third and tax revenues crashing. (Moscow Times – themoscowtimes.com – Jake Cordell – May 6, 2020) Jake Cordell covers business & economics for The Moscow Times. A third of the Russian economy has ground to a halt because of the coronavirus lockdown, the Russian government […]

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JRL NEWSWATCH: “As coronavirus hits record numbers in Russia, this is a dangerous moment for Putin” – CNN/ Nathan Hodge

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse, JRL NewsBlog, Oil, Gas, Energy, Politics, Government, Protests, Elections
Coronavirus File Photo adapted from image at cdc.gov

“Russia hit a grim milestone … officially recording the highest number of coronavirus cases the country has seen in a 24-hour period, with 10,633 people testing positive. … [T]he economic pain is worsening … Finance Minister Anton Siluanov said on state television … ‘I don’t recall anything like this,’ … adding that plummeting global oil prices — a primary source […]

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RUSSIALINK: “Situation thus far not developing in best way, Russia to see budget deficit in 2020 – Siluanov” – Interfax

Budget, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Anton Siluanov file photo

MOSCOW. March 18 (Interfax) – The Russian government is diverting from its macroeconomic forecast for 2020: the budget will see a deficit and National Wealth Fund (NWF) resources will need to be used, Finance Minister Anton Siluanov said while speaking at the annual meeting of the Federal Treasury board. Opening the board meeting, Siluanov remarked on the fact that it […]

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JRL NEWSWATCH: “Russia’s finance minister promises no new taxes, but hints at ‘adjustments'” – Meduza

Budget, Economy, Business, Investment, Trade, JRL NewsBlog, Politics, Government, Protests, Elections
Anton Siluanov file photo

“… Siluanov says Russia has no plans to change its tax system in the next six years, but there will be ‘adjustments.’ … the government is once again considering measures to simplify the tax code, in order to encourage more businesspeople to stop working in the economy’s ‘gray sector’ …. Russian media has repeatedly said the government is discussing major […]

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Kremlin Officials Split Over Putin’s Economic Promises

Budget, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – March 23, 2018) Russian fiscal policymakers are wrangling over how to fulfil newly re-elected President Vladimir Putin’s spending promises, with one senior Kremlin figure advocating a quick but painful revenue grab and another a more radical overhaul of taxation. During his campaign Putin promised higher healthcare and infrastructure spending, but did not say how this […]

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NEWSLINK: “Before Election, Putin Offers $8.6 Billion to Russians to Have More Babies” – Bloomberg/Jake Rudnitsky, Olga Tanas

Newslinks, Politics, Government, Protests, Elections, Population Disaster, Demographics
Couple in Hospital with Newborn

“… The government will spend 500 billion rubles ($8.6 billion) over three years on measures to encourage Russians to have more babies, including mortgage subsidies and payments to new and growing families …. The money will come from government reserves and won’t require changes in the budget, Finance Minister Anton Siluanov told the upper house of parliament. …”

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Siluanov names three structural areas for state budget spending in 2018-2020

Budget, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Anton Siluanov file photo

MOSCOW. Sept 18 (Interfax) – The social sphere, defense and support for the national economy are the main areas of Russian federal budget spending in 2018-2020, Finance Minister Anton Siluanov said. “The bulk of spending is stipulated for allocation to the social sphere – this is 36.4% – and defense – 29%. We are fulfilling the plan for arms and […]

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VIDEO NEWSWATCH: “U.S. shale, trade and sanctions worry Russian Finance minister as economy gets back on track” – CNBC/ Geoff Cutmore, Alexandra Gibbs

Budget, Economy, Business, Investment, Trade, JRL NewsBlog, Oil, Gas, Energy, United States, U.S.-Russian Relations
Anton Siluanov file photo

[Scroll down for embedded video] “… Following last week’s decision by oil producers to extend output cuts by nine months to March 2018, Siluanov told CNBC that OPEC’s decisions would give opportunity [sic] for prices to stay at present levels, but that both producers and the ministry had to be on alert for any market changes. …” ‘On the one […]

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Interfax: Moody’s upgrades Russia rating outlook to stable

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Diverse Paper Currency, Coins, Line Graph

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

Economy, Business, Investment, Trade, Oil, Gas, Energy
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

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
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

Budget, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
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

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas, Newslinks
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

Economy, Business, Investment, Trade, Oil, Gas, Energy, Russia & the West, Sanctions, Ukraine
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

Politics, Government, Protests, Elections
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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