Tag: Siluanov
Russian Finance Minister: Oil prices could continue to slide
(Interfax – January 13, 2016) Oil prices are likely to go on sliding in the near future, Russian Finance Minister Anton Siluanov said. “Today there’s a very tight balance on the oil market, we’re seeing that nobody is cutting oil production. We’re likely in the short term to see further decline in prices for this commodity,” he said. “Indicators for […]
» Read moreIMF Says Ukraine Bond Owned by Russia Is Official Sovereign Debt
(Bloomberg – bloomberg.com – Andrew Mayeda – December 17, 2015) The International Monetary Fund’s executive board ruled that a bond sold by Ukraine to Russia should be considered official sovereign debt, putting pressure on Ukrainian officials to start restructuring talks with their Russian counterparts. Russia bought a $3 billion bond from the government of former Ukrainian President Viktor Yanukovych in […]
» Read moreNEWSLINK CNBC: Why Russia is more confident: Finance Minister
Russia’s economy has been through a series of seismic shocks in the past year – but there are increasing reasons to be optimistic as the amount of money being pulled out of the country slows, according to the country’s Finance Minister, Anton Siluanov.
» Read moreFinance Minister: Russia Needs Backup Budget For Worst-Case Scenario
(Moscow Times – themoscowtimes.com – Delphine d’Amora – October 24, 2014) Russia must create a contingency budget to counter the threat that Western sanctions, economic stagnation and low oil prices will dash the country’s hopes of restoring growth in the near term, Finance Minister Anton Siluanov said Friday. “A budget cannot constantly have expenses that were drafted in a different […]
» Read moreInterfax: Visa, MasterCard to continue operating in Russia – Siluanov
(Interfax – May 20, 2014) The payment systems Visa and MasterCard will continue operating in Russia, Finance Minister Anton Siluanov told Interfax on Tuesday. “We can’t abandon these systems since over 90 percent of those who use payment systems work with them,” he said. He did not say how the problem would be resolved with security deposits that Visa and […]
» Read moreRIA Novosti: Russia not forcing Ukraine to pay back loan early – Finance Minister Anton Siluanov
(RIA Novosti – March 20, 2014) The International Monetary Fund (IMF) has addressed Russia with a proposal to take part in developing a programme of structural reforms in Ukraine, the Russian RIA Novosti reported on 20 March, quoting Russian Finance Minister Anton Siluanov. The implementation of the programme will be a condition for allocating an IMF loan to Ukraine. Siluanov […]
» Read moreInterfax: ‘De-offshoring’ Russian economy will yield ‘tens of billions’ in additional revenue – Siluanov
MOSCOW. Dec 12 (Interfax) – Initiatives to “de-offshore” the Russian economy, as voiced in President Vladimir Putin’s annual address to the Federal Assembly on Thursday, will make it possible to secure additional budget revenue totaling “tens of billions of rubles,” Finance Minister Anton Siluanov said. “I think it will be tens of billions of rubles,” Siluanov told journalists on Thursday. […]
» Read morePutin Stays Firm on Fulfilling Promises
(Moscow Times – themoscowtimes.com – Anatoly Medetsky – December 6, 2013) President Vladimir Putin on Thursday said the government would have to improve the country’s economic performance in order to fulfill his campaign promises. He also complained that his tap water was sometimes brown from rusty pipes. Putin’s decrees from May last year, which seek to raise living standards, have […]
» Read moreRIA Novosti: Russia Expects ‘Big Problems’ for Budget After 2016 – Finance Minister Siluanov
MOSCOW, December 6 (RIA Novosti) Russia’s Finance Ministry predicted serious difficulties Friday for the budget in 2016 and 2017 as slowing economic growth means there will be insufficient funds available to honor spending commitments. Short term and long term growth forecasts for the Russian economy have been cut repeatedly this year, with officials warning Russia is entering a period […]
» Read moreRussian ministry proposes balancing budget in 2014-2016 by cutting transfers, spending
(Interfax – MOSCOW, June 25, 2013) Russia’s Finance Ministry is proposing three maneuvers to balance the federal budget in 2014-2016 – reduce transfers to the Pension Fund of Russia (PFR), cut budget earmarks for government procurements and postpone some spending on the government arms program until after 2016, Finance Minister Anton Siluanov told reporters on Monday. “Right now the situation […]
» Read moreFinance Minister Says Ruble Devalution Not on Agenda
(Moscow Times – themoscowtimes.com – June 24, 2013) Finance Minister Anton Siluanov said that there are no plans to devalue the ruble, despite claims he made last Tuesday that a weaker currency could boost revenues and growth. “Devaluation will not be carried out in Russia under any circumstances,” Siluanov said Sunday during an interview with Central Television NTV, adding that […]
» Read moreWeaker Ruble Unlikely to Boost Growth – Russian Central Bank
(RIA Novosti – ST. PETERSBURG, June 20, 2013) The Russian government’s plans to weaken the ruble in a bid to stimulate faltering economic growth is unlikely to yield results, Central Bank First Deputy Chairman Alexei Ulyukayev said on Thursday. Finance Minister Anton Siluanov on Monday said the government is looking for measures to stimulate economic growth in Russia, including […]
» Read moreFar East Plan Approved by Cabinet, Despite Siluanov’s Opposition
(Moscow Times – themoscowtimes.com – Anatoly Medetsky – March 22, 2013) The Cabinet on Thursday backed a plan to invigorate the economy of the Far East, and Prime Minister Dmitry Medvedev said the government would later this month formally ask the parliament to slash taxes for new business projects in the region. Plans to develop the remote and sparsely populated […]
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