Russian lawmaker proposes to limit executive compensation for state-run companiesMikhail Starshinov, the State Duma lawmaker from A Just Russia party, believes it is necessary to align the salaries of top managers of Russian state-run companies with their company’s performance.16:20 08.12.2014
The Big Four divided over FATCA interpretation in Russia - reportThe world’s four largest audit firms, which provide services under the FATCA norms, have provided contradictory consultations to their Russian clients.10:20 08.12.2014
Full amnesty for capital returning to Russia – PutinPresident Vladimir Putin in his annual address to members of the parliament on Thursday proposed total amnesty for capital returning to Russia.13:35 04.12.2014
Russia unveils new measures aimed at bringing major Russian companies back homeThe Economic Development Ministry and the Russian Union of Industrialists and Entrepreneurs, or RSPP, have unveiled measures designed to encourage foreign subsidiaries of Russian strategic companies to return back to the country.10:51 04.12.2014
Prosecutor General’s Office opens probe against Central Bank of RussiaProsecutor General’s Office is opening an investigation into the Central Bank of Russia upon request of a group of lawmakers who blame the bank for measures aimed at strengthening the national currency, the rouble.16:42 01.12.2014
Prime Minister Medvedev approves partial privatization of RosneftPrime Minister Dmitry Medvedev has signed a directive to withhold 19.5 percent of Rosneft shares for privatization, the government said on its website on Monday.11:40 01.12.2014
Russia does not plan to nationalize foreign assets - officialRussia does not plan to nationalize European or US assets in response to the sanctions, Economic Development Minister Alexei Ulyukayev told journalists Wednesday following a meeting with German business leaders that was organized by the Stuttgart Chamber of Commerce and Industry.10:31 26.11.2014
Audit Chamber says VEB support of businesses 'inefficient'Support of small and medium businesses by state run Vnesheconombank (VEB) bank is inefficient, Interfax reports on Monday, citing a statement made by the Russian Audit Chamber.14:33 24.11.2014
Putin says small business needs to get access to state procurement bidsPresident Vladimir Putin said that it is necessary to break through the “bureaucratic red tape” and allow small business to bid in state tenders.12:48 21.11.2014
Medvedev: Russia won't restrict capital flowRussia will not impose restrictions on capital flow. On the contrary, there are plans to increase foreign currency transactions, Prime Minister Dmitry Medvedev said at a Government meeting on Thursday.13:55 20.11.2014
'Deoffshorization' law to earn Russia about $425 million annually - officialThe implementation of the law on the 'deoffshorization' of the Russian economy is expected to bring about 20 billion rubles (some $425 million) to the budget, Interfax reports on Wednesay, citing Deputy Finance Minister Sergei Shatalov.16:22 19.11.2014
Migrant labor permit could cost about $100 a month in RussiaA migrant labor license/permit in Moscow could cost about 5,000 rubles (approximately $100) a month, but the decision has not been approved yet, RIA Novosti reported on Tuesday, citing Maxim Reshetnikov, head of the Economic Policy and Development Department in the Moscow city government.13:10 18.11.2014
Russian lower house adopts 'deoffshorization' billThe State Duma has adopted in its third and final reading a bill on Tuesday aimed at moving business activities of Russian companies from offshores back to the country. The bill was submitted in October by a group of lawmakers.12:28 18.11.2014
Bill on fines for Russian exporters submitted to parliamentThe Russian government has submitted a bill to the lower house of parliament, the State Duma, reshuffling fines for exporters that fail to comply with the rules on foreign currency transactions.10:49 18.11.2014
Russia considers increasing fines for disclosing trade secretsThe Russian government has submitted to the State Duma a bill increasing fines for breaching the rules relating to acquisition and disclosure of trade secrets, commercial or financial information.10:35 17.11.2014
Russian MPs move forward with auditing ban proposalMPs from the Liberal Democratic Party submitted a bill to the State Duma banning foreign accounting firms from auditing Russian companies in which the government owns over 50 percent stake.17:20 12.11.2014
Introduction of duties on Russian business postponed until 2018The introduction of duties on some groups of business could be postponed until 2018, following consultations with the business community, RIA Novosti reports on Wednesday.13:14 12.11.2014
Jewelry worth over $325 to be sold with ID check in RussiaThe State Duma will consider a bill under which expensive jewelry could only be sold upon presentation of a passport, Interfax reported on Tuesday.10:47 11.11.2014
Russian Central Bank announces action following panic buying of foreign currencyThe head of Russian Central Bank Elvira Nabiullina has announced on Monday that national currency will be allowed to float freely after it dived to record lows.14:23 10.11.2014
Russian government to discuss Mechel debtsHead of VTB Bank Andrey Kostin confirmed on Monday that the Russian government will discuss the matter of restructuring debt of Mechel, Russia's biggest producer of steelmaking coal, RIA Novosti reports.12:43 10.11.2014