Russia may end the year with a budget surplus of 0.3% GDP due to higher revenues and spending cuts, a deputy finance minister said on Tuesday. “Under the budget plan, we have 0 but in reality it will be 0.3 [% GDP],” Tatiana Nesterenko said. She said extra budget revenues would be 78-80 billion rubles [...]
Tag: deputy finance minister
November 15, 2011
October 22, 2011
Russia, Kazakhstan may cancel oil export duties within CIS free trade zone
Ukrainian Prime Minister Mykola Azarov has said Russia and Kazakhstan have agreed to cancel oil export duties for participants in a free trade zone being created within the Commonwealth of Independent States (CIS). “For the first time, we fixed in the agreement the readiness of Russia, as well as Kazakhstan, another oil producing country, to [...]
October 21, 2011
Terms of Russia’s WTO accession agreed – Foreign Minister
Russia has agreed all the terms to join the World Trade Organization, Russian Foreign Minister Sergei Lavrov said on Friday. “Now I can say all the issues related to Russia’s bid to join the WTO have been settled, the issues related to the standards and the regulations of the WTO,” Lavrov said. Georgia’s opposition to [...]
October 14, 2011
Russia against individual support for troubled European economies
There is no need for individually-tailored assistance to debt-hit European states since collective support is more efficient, Russian Deputy Finance Minister Sergei Storchak said on Friday. Storchak’s statement comes after Russian Presidential Aide Arkady Dvorkovich said on Monday that Moscow may buy Spanish debt securities to assist in solving the European debt problem. “We stand [...]
October 14, 2011
Main news of October 14
WORLD A deal between Israel and Hamas on the exchange of over 1,000 jailed Palestinians for Israeli soldier Gilad Shalit will begin on Tuesday, a spokesman for the militant group Committees of People’s Resistance that was involved in Shalit’s seizure along with Hamas said * There is no need for individually-tailored assistance to debt-hit European [...]
October 3, 2011
Main news of October 3
WORLD * NATO will soon complete its Libyan operation Unified Protector, the alliance’s Secretary General Anders Fogh Rasmussen said * Britain denied it had imposed an entry ban on at least 60 Russian officials implicated in the death of Moscow lawyer Sergei Magnitsky * Russia condemns “terrorist” acts against Syrian civilians and urges the opposition [...]
September 29, 2011
Siluanov replaces Kudrin in IMF and World Bank roles
Russia’s acting Finance Minister Anton Siluanov will replace long-standing minister Alexei Kudrin, who was sacked on Monday, as head of the Anti-crisis Fund in the regional Eurasian Economic Community (EurAsEC) and governor for the country in the International Monetary Fund and the World Bank, Deputy Finance Minister Sergei Storchak said on Thursday. “As far as [...]
September 27, 2011
September 27, 2011
Putin Announces Acting Finance Minister
Russian Prime Minister Vladimir Putin has named Deputy Finance Minister Anton Siluanov as acting finance minister, replacing Aleksey Kudrin, who was ousted a day earlier. Putin also said that First Deputy Prime Minister Igor Shuvalov would take over Kudrin’s duties as deputy prime minister, overseeing financial issues in the government. Putin told a cabinet meeting [...]
September 27, 2011
Possible candidates for Russia’s finance minister position
President Dmitry Medvedev fired Finance Minister Alexei Kudrin on Monday for his comments that he did not want to work in a future government headed by Medvedev after March presidential elections. Among the possible candidates to replace Kudrin are: TATYANA GOLIKOVA, Health and Social Development Minister, formerly First Deputy Finance Minister. Golikova, 45, has been [...]
September 23, 2011
Russia ready to spend reserve funds on EFSF bonds
Russia is ready to invest money from its Reserve Fund and National Wealth Fund in European Financial Stability Facility (EFSF) bonds, Deputy Finance Minister Sergei Storchak said on Friday. “Of course, we will do it and the minister’s view is that we will use this instrument,” Storchak told reporters, adding that the instrument should be [...]
September 22, 2011
Russian government approves 2012-14 draft budget
The Russian cabinet on Wednesday approved a draft federal budget for 2012-14, Deputy Finance Minister Tatyana Nesterenko said. The 2012 budget deficit will be 869.2 billion rubles, or 1.5% of GDP, 1.6% in 2013 and then down to 0.7% in 2014. Federal budget revenues in 2012 are projected at 11.789 trillion rubles and expenditures at [...]