Contents tagged with Russian Finance Ministry

  • Putin extends capital amnesty program to February 2020

    Russian President Vladimir Putin signed a bill to extend the capital amnesty program. The document is published to the legal information portal.

    The third stage of asset and account declaration is June 1, 2019 to February 29, 2020.

    The first stage of the capital amnesty programs began in 2015-2016. During that time, 7.2 thousand people were able to disclose their foreign property and companies, while avoiding tax penalties. During the second stage, amnesty was extended to February 28, 2019. …

  • Kremlin decides to classify Maduro’s debt

    The Russian Finance Ministry has decided not to disclose any more information about the Nicolas Maduro regime’s debt repayments to Russia, announced Deputy Finance Minister Sergey Storchak at a Moscow Stock Exchange forum on Wednesday.

    In March, Venezuela was supposed to pay Russia a $100 million installment on its $3 billion intergovernmental loan. But Moscow will not say whether it received the money or not, since the government loans program is now classified, Storchak noted.

    “Everything …

  • Russia leaves world gold market

    Russia has effectively stopped exporting gold on the world market due to the Bank of Russia buying vast quantities of the precious metal for its reserves amid fears of US sanctions, reports. 

    According to the Russian Finance Ministry, Russia produced 314,42 tons of gold last year, 2% more than in 2017. 

    Direct mining of the precious metal grew by 4% to 264.41 tons, with gold as a by-product of other mining accounting for 15.44 tons and 34.57 tons deriving from secondary processing.  …

  • Kremlin: Russian government lost trust in Belarus 

    Russian Finance Minister Anton Siluanov said that the Russian Federation has lost trust in Belarus. 

    According to him, this is due to the fact that Belarus has been violating the Russian-Belarusian customs regime, including the import of sanctioned and excisable goods into the Russian Federation. 

    “We keep telling Belarus that they are our neighbor, our ally, but we have recently lost trust in Belarus. All those solvents, sanctioned products that come to us, excisable goods, cigarettes that …

  • Russia to help Venezuela cope with their crisis

    A group of officials from the Russian Ministry of Finance, the Ministry of Economic Development, the Russian Central Bank, the Federal Tax Service, and the Treasury, are visiting Venezuela at the invitation of the Venezuelan government, TASS news agency reports citing Andrei Lavrov, a spokesman for the Russian Finance Ministry. According to Lavrov, Caracas is anticipating an exchange of experience with the Russians in the field of economic reform.

    According to Lavrov, those who came to …