The idea of reducing insurance contributions from the current 30% to 21–22% while raising the VAT rate from 18% to 21–22% has been debated a lot since late in 2016. It is assumed that such a tax manoeuvre can reduce domestic producers' labour costs, and neither exporters nor investments will...

Recently we see a growing interest to and debates on the role of international associations like G20 or BRICS in the global economic renewal and global economic governance. Along with this there is a lot of issues related to establishing new international financial institutions like the New...

In 2000 and 2001 Russia faced a puzzle: high world oil prices, while ensuring GDP growth and strong fiscal balance, generated serious problems for domestic monetary and exchange rate policies. The Central Bank was forced to buy excess foreign exchange supply on the market, thereby paving the way...

This paper considers financial management and transparency aspects of Sovereign Wealth Funds (SWF) in Russia. It also discusses the impact of the global financial meltdown (2008-2009), commodity price fluctuations and the rise of the risks in the emerging world on SWFs financial performance and...