Russian authorities to tighten penalties for Ponzi scheme organizersRussia’s Finance Ministry has proposed to introduce criminal liability and to significantly increase fines for the organizers of Ponzi schemes.12:22 24.09.2014
Russian Finance Ministry to increase fines for accounting report violationsThe Russian Finance Ministry intends to significantly increase fines for serious violations of accounting report requirements and to introduce responsibility for repeated violations, according to a draft federal law published on the website of legislative initiatives Tuesday.14:01 23.09.2014
Russia may adopt law to ban bitcoins this fallThe Russian State Duma may adopt a law banning the use of digital currency, which the Finance Ministry is drafting, this fall. The issuance of digital currency is prohibited in Russia, but the national legislation does not include a definition thereof.17:00 12.09.2014
Russian Finance Ministry to exclude Malta from offshore zonesThe Russian Finance Ministry intends to exclude Malta from the list of offshore zones due to the double taxation and prevention of tax evasion convention having been ratified between the governments of Russia and Malta, RIA Novosti reports. Respective changes to the list of offshore zones were published on the official legal website.10:17 05.08.2014
Appeals court revokes ruling in Russian Railways v. Finance Ministry disputeThe Ninth Commercial Court of Appeals overturned a ruling ordering Russia’s Finance Ministry to pay 7 billion rubles ($204 million) in compensation to Russian Railways for the transportation of benefit recipients in 2009, RAPSI reports from the courtroom.12:01 07.07.2014
Russia to ease operation terms for Visa and MasterCardRussia’s Ministry of Finance has published a draft resolution to ease the terms of operation for Visa and MasterCard before they are assigned the status of nationally significant card payment systems.13:04 25.06.2014
Court to hear Russian Railways vs. Finance Ministry case on August 7The Moscow Commercial Court has scheduled an August 7 pretrial hearing date for a case filed by Russian Railways to collect 4.9 billion rubles ($141.6 million) from the Finance Ministry and the Federal Rail Transport Agency, the court told RAPSI.13:48 21.05.2014
Finance Ministry appeals recovery of $199 mln in favor of Russian RailwaysRussia’s Finance Ministry has appealed against a ruling ordering it to pay 7 billion rubles ($199 million) in compensation to Russian Railways for the transportation of benefit recipients in 2009, a court told RAPSI on Tuesday.12:31 13.05.2014
Finance Ministry to help banks reduce risk of sanctions related to FATCAThe Finance Ministry has drafted amendments to allow Russian banks to directly report to the US Internal Revenue Service (IRS) about their American clients’ accounts and transactions without violating Russian legislation, and also to close the accounts of those who refuse to disclose this information.11:16 10.04.2014
Russian Railways $197 million suit against Finance Ministry satisfiedThe Moscow Commercial Court on Friday ordered the Finance Ministry to pay 7 billion rubles ($197 mln) in compensation to Russian Railways for the transportation of benefit recipients in 2009.13:01 28.03.2014
Russian Railways' $215 mln lawsuit against Russia pushed to March 28The Moscow Commercial Court postponed till March 28 the hearing of 7 billion ruble ($215 mln) lawsuit filed by Russian Railways against Finance Ministry, RAPSI reports from the court room on Tuesday.13:36 04.03.2014
Wife of Moscow's ex-mayor sues Russian Finance Ministry for billion dollarsThe Moscow Commercial Court has postponed the preliminary hearing of the TD Setunskaya case against the Finance Ministry until January 20. The company, owned by Yelena Baturina, has filed for 33.596 billion rubles ($1.02bn) in compensation for the land in western Moscow seized by the state.13:45 13.01.2014
Finance Ministry sponsors tougher punishment for Ponzi playersThe Ministry of Finance has proposed amendments aimed at bringing the organizers and most active players of Ponzi schemes to liability even before the pyramid collapses.11:17 26.06.2013
Russian Railways $215 million suit against Finance Ministry satisfiedThe Moscow Commercial Curt on Friday granted the lawsuit filed by Russian Railways for collecting 7.03 billion rubles ($215 million) from the Finance Ministry for the transportation of benefit recipients in 2009.15:30 21.06.2013
Medvedev fast tracks Putin's luxury taxPrime Minister Dmitry Medvedev has decided to introduce the new luxury tax sponsored by President Vladimir Putin two weeks earlier than planned. During the president's Q&A session with the public three weeks ago, Putin said that the tax should be introduced by November 1, and called it a matter of social justice.11:56 14.05.2013
Finance Ministry drafts bill on foreign capital in Russian banksThe Finance Ministry has drafted a bill limiting the share of foreign investments in the charter capital of Russian banks to 50%.15:03 09.04.2013
Tax on luxury cars approved by government's commissionThe Russian government's legislative commission has approved amendments to the Tax Code introducing an additional 'luxury' tax on cars worth more than 5 million rubles ($162,000).12:16 27.03.2013
UTair files another complaint against dismissal of claim against Finance MinistryThe Supreme Commercial Court has registered another complaint filed by the UTair air carrier to reconsider the ruling concerning the dismissal of its 444.2 million ruble lawsuit against the Finance Ministry.18:24 18.03.2013
Law enforcement authorities should focus on tax crimes - Finance MinisterFinance Minister Anton Siluanov believes the Interior Ministry and Investigative Committee are not paying enough attention to financial crimes and tax evasion.15:16 27.02.2013
UTair's complaint against ruling in Finance Ministry case rejectedThe Supreme Commercial Court has turned down UTair's appeal against the court ruling to dismiss its 444.2 million rubles ($14.8 mln) lawsuit against the Finance Ministry.14:46 15.02.2013