Source link Sanctions are a tool used by the “slowing” West to stall the growth of developing countries, Anton Siluanov has said The global economy is changing as developing countries are now rapidly outpacing the major advanced economies of the West, Russian Finance Minister Anton Siluanov said in an interview with RIA Novosti published on […]
Source link Russia’s Finance Ministry has announced the volume of the first purchases of foreign currency under the country’s budget rule after a hiatus since last August, according to a press release on Monday. The Russian central bank announced in August 2023 that it would suspend purchases of foreign currency until the end of the […]
Source link Ursula von der Leyen’s comments come as Hungary continues to block a €50 billion package for the country The EU is considering alternative ways to keep funding Ukraine, in case member states fail to bypass a veto by Hungary, European Commission President Ursula von der Leyen has said. Budapest earlier blocked a €50 […]
Source link Russia is rerouting most of its exports from the EU to Asian countries, Finance Minister Anton Siluanov said at a meeting with his Chinese counterpart, Lan Foan, on Monday. In response to Western sanctions, Russia has been diversifying its foreign trade, including energy supplies. Moscow is now “at the stage of reorienting its […]
Source link Russia’s main focus for the next three years will be on funding its military to help it achieve victory in the Ukraine conflict, although the country’s authorities do not plan to renege on their social policy commitments, Finance Minister Anton Siluanov has said. According to official figures, Moscow plans to spend 14.2 trillion […]
Source link The head of Russian oil major Rosneft, Igor Sechin, has criticized the Finance Ministry’s tax policy, which he claims provoked a crisis in the domestic fuel market. He also took aim at the country’s Central Bank for a lack of “reliable” routes for cross-border payments in various currencies and for a series of […]
Source link Berlin froze major spending commitments after the national off-budget fund was declared unconstitutional Limits on electricity and gas prices will not be extended until March 2024 as previously planned, but will expire at the end of this year, Deutschlandfunk radio station has cited Finance Minister Christian Lindner as saying in an interview to […]