In December 2012, a number of amendments and alterations were introduced into tax and budget legislation, as well as into legislation regulating the sphere of mandatory payments and government off-budget funds. An analysis of the possible scenarios for further development of the taxation system...

In the period under review, a major international event was the Moscow meeting of G20 finance ministers and heads of central banks. In Russia, a few developments took place. On January 31, 2013, Premier Dmitri Medvedev approved the Main Guidelines for the RF Government’s Activities in the...

The law on the federal budget for 2013 and the planning period 2014-2015 was approved by the RF State Duma in the third reading on 23 November 2012. The domestic debt ceiling is set at the level of 10% GDP, the foreign debt ceiling – at about Rb 2.1 trillion. There figures are above the budget...

Over the period under consideration, Russia’s economic problems more than once became the focus of public discussion with the participation of the country’s leadership and eminent Russian and foreign experts – at the Gaidar Forum hosted by the Russian Presidential Academy of National...

In the period under review, the most high-profile developments in the world economy were financial problems of Cyprus, visit of China’s new leaders to the Russian Federation and the issues related to development of the principles of mutual relations with China in the sphere of economic...

Amid financial instability, the state is not recommended to increase any form of financial pressure. On the contrary, it is advisable to limit state obligations, cut state expenditures and preserve reserves. However, the burden on taxpayers is not reduced or reduced insignificantly and only in...

In the period under review, a large number of regulatory documents was approved. A part of those documents is aimed at highlighting in the Tax Code of the Russian Federation tax issues resulting from adoption of the legislation regulating new types of fi nancial instruments and business deals,...

In the period under review, a large number of regulatory documents aimed at coping with crisis phenomena in the economy were released. The main guidelines for the RF Government's activities in the period under review, a large number of regulatory documents aimed at coping with crisis phenomena...

President Vladimir Putin's annual televised call-in show was held in the period under review. The Russian government economic and social blocs discussed whether to keep or revoke the compulsory funded component in the contribution to the Russian Pension Fund. Meanwhile, a decision was made to...

Russia's government began to implement its anti-crisis plan for 2015 by adopting specific documents in the period under review. Despite its pro-market rhetorical statements, the government has so far taken no substantial steps towards economic reforms and enhancing the business environment in...