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Darya Korsunskaya

Russia surprises Cyprus with move to scrap tax deal

03 Aug 2020

MOSCOW/NICOSIA Russia's finance ministry said on Monday it would scrap an agreement with Cyprus aimed at avoiding double taxation after talks to modify the deal failed, a decision that surprised Cyprus, which said talks were still under way.

Russia to more than double state borrowing in 2020

02 Jul 2020

MOSCOW, July 2 Russia plans to more than double its state borrowing this year to fund a rising budget deficit, with spending increasing to overcome the coronavirus crisis, aggravated by low oil prices, Deputy Finance Minister Vladimir Kolychev said.

Russia to get $10 billion more from oil firms for budget spending in 2020: Sazanov

15 Jun 2020

MOSCOW Russia will collect up to $10 billion more in revenue from oil companies this year because of the way they are taxed, a deputy finance minister told Reuters, money that with borrowing and the national wealth fund will help finance a post-pandemic recovery.

Moscow lifts coronavirus lockdown as Russia partially reopens borders

08 Jun 2020

MOSCOW Moscow is lifting its months-long coronavirus lockdown, mayor Sergei Sobyanin said on Monday, declaring that the pandemic was on the wane and it was possible to resume normal life during the course of June.

Russia earmarks $73 billion to jump-start economy by end-2021

02 Jun 2020

MOSCOW Russia has earmarked 5 trillion roubles ($73 billion) to jump-start its economy through end-2021, its premier said on Tuesday, as the country eases a prolonged coronavirus lockdown which cost it jobs and triggered the deepest contraction since 2009.

UPDATE 1-Russia earmarks $73 bln to jump-start economy by end-2021

02 Jun 2020

* President seeks constitutional vote on July 1 (Adds details, quotes, background)

Russia to vote on July 1 on constitutional changes that could extend Putin's rule

01 Jun 2020

MOSCOW Russian President Vladimir Putin said on Monday a nationwide vote on constitutional reforms will be held on July 1, announcing a new date for a delayed ballot that could extend his rule until 2036.

Russian economy to contract, rouble to stay weak amid pandemic: economy ministry

21 May 2020

MOSCOW Russia's economy is on track to shrink by 5% in 2020 and the rouble will remain weak as the novel coronavirus pandemic and low oil prices hit home, the economy ministry said on Thursday.

Russia says outbreak stabilising as more leave hospital than test positive

20 May 2020

MOSCOW Russia recorded its lowest total of new coronavirus cases since May 1 on Wednesday, with more patients discharged from hospital than new cases for the first time, which officials said showed that the outbreak was stabilising at last.

Putin extends Russia's lockdown for two weeks, prepares to ease in mid-May

28 Apr 2020

MOSCOW President Vladimir Putin extended coronavirus lockdown measures for another two weeks on Tuesday, while ordering his government to begin preparations for a gradual lifting of the curbs from mid-May.

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