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.
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
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 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.
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.
* President seeks constitutional vote on July 1
(Adds details, quotes, background)
MOSCOW Russia will hold a nationwide vote on constitutional reforms on July 1, President Vladimir Putin said on Monday, setting the stage for a delayed ballot that could extend his rule until 2036.
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.
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.
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.