MOSCOW Natalia Leontyeva, a Siberian sales manager, bought a second hand car in 2013 with a loan worth about four monthly salaries. She now owes the equivalent of at least four years of earnings, one of a growing number of Russians struggling with debt.
MOSCOW Russia's top gas producer Gazprom and a raft of other major firms have added to calls for the banking sector to use domestic ratings in implementing new financial regulations, saying this would ease pressure on banks and cut lending rates.
MOSCOW Russian Finance Minister Anton Siluanov has asked the central bank to postpone reforms requiring banks to increase capital buffers under the "Basel III" international financial rules, according to a letter seen by Reuters.
ST PETERSBURG/MOSCOW Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil exporters and production in the last half of July will rise from the first half, Energy Minister Alexander Novak said on Thursday.
MOSCOW, June 5 The Russian Finance Ministry
would like to use the National Wealth Fund to support state
exports, seeking to minimise risks from Western sanctions and
also cut domestic borrowing, its head of state debt has told
SOCHI/MOSCOW U.S. Secretary of State Mike Pompeo told Russia on Tuesday that Washington would brook no interference in the 2020 U.S. presidential election and wanted Moscow to take action to show there would be no repeat of its suspected 2016 meddling. | Video
SOCHI, Russia Russian Foreign Minister Sergei Lavrov told U.S. Secretary of State Mike Pompeo on Tuesday it was time for Moscow and Washington to put aside years of mistrust and find a way to work together constructively. | Video
ST PETERSBURG, Russia/KIEV Russian President Vladimir Putin signed an order on Wednesday simplifying the procedure for obtaining a Russian passport for residents of separatist-controlled eastern Ukraine, prompting calls from Kiev for more international sanctions.
MOSCOW, April 19 Russia expects to use about 210
billion roubles ($3.3 billion) from its National Wealth Fund
this year to pay back oil firms as part of a deal to keep down
domestic gasoline and diesel prices, a senior finance ministry
official said on Friday.
MOSCOW Russia wants to borrow more in the second quarter this year, and it plans to implement a new bond-offering mechanism and take advantage of growing global demand for its debt, a senior ministry official said.