Russian steel plant challenges EU sanctions in court - reportChelyabinsk Electrometallurgical Plant OAO (ChEMK), the largest producer of ferroalloys in Russia, has filed a suit with the European Court of Justice over sanctions imposed on it earlier.10:32 10.11.2014
Russian senators propose amnesty for returning financesMembers of Russia’s Upper House, the Federation Council, have submitted a bill proposing six months tax amnesty for returning or legalization of foreign assets in Russia, RIA Novosti reports on Wednesday.17:14 05.11.2014
Bill on flight capital amnesty submitted to State DumaSenators Konstantin Dobrynin and Yury Biryukov have submitted a bill to the State Duma, Russia's lower parliament house, on a flight capital amnesty, to be effective from January 1 to August 31, 2015.11:27 31.10.2014
Gazprom Neft files claim with EU Court of Justice over sanctionsGazprom’s oil-producing subsidiary has lodged a claim with the EU Court of Justice over EU sanctions, RIA Novosti reported on Tuesday. The claim was registered on October 24.11:12 29.10.2014
Rosneft proposes package of retaliatory measures to Western sanctions - reportRussia’s largest oil producer Rosneft, which is on the Western sanctions list, has proposed a package of retaliatory measures, Kommersant newspaper reports on Wednesday, citing government officials.10:38 29.10.2014
Russia's Economic Development Ministry slams 'deoffshorization' approachRussia’s Economic Development Ministry claims that mandatory 'deoffshorization' aimed at moving business activities of Russian companies from offshores back to the country entails considerable risks for the companies and the slowing economy of the country.16:51 28.10.2014
Putin: Economic sanctions against Russia undermine trade policy, WTO rulesRussian President Vladimir in his address to the participants of the annual Valdai Club meeting in Sochi that brings togather officials and foreign experts said on Friday about side affects of sanctions imposed on the country.16:59 24.10.2014
Russian Central Bank curbs foreign investment accounts outflowThe Central Bank of Russia is working on an executive order that will curb the transactions from individual investment accounts on foreign markets and deposits, Interfax reports on Thursday citing Central Bank’s stock market department head Larisa Selutina.15:09 23.10.2014
First 'deoffshorization' bill reaches Russian parliamentA bill proposed by a group of lawmakers aimed at moving business activities of Russian companies from offshores back to the country has been submitted to the lower house of parliament, the State Duma.13:30 22.10.2014
Russian state banks could be prohibited from using foreign auditorsLower house lawmaker Yevgeny Fyodorov has proposed amendments to the law On Banks and Banking that would prohibit state-owned banks from using audit and consulting companies with foreign capital, Izvestia newspaper writes on Wednesday.10:38 22.10.2014
Crimean head says no rush to pay off Ukrainian banksCrimean Prime Minister Sergei Aksyonov told his constitutes to hold back with paying off loans to the Ukrainian banks that ceased operations in Crimea, RIA Novosti reports on Tuesday .16:16 21.10.2014
Russia to ban import of auto equipment, metal and heavy engineering productsThe Russian government considers prohibiting state-owned companies from importing auto equipment, products of metal and heavy engineering industries.10:48 20.10.2014
Rosneft, Russian billionaire Arkady Rotenberg file suits over EU sanctionsRussian oil giant Rosneft and billionaire Arkady Rotenberg filed suits with the EU Court of Justice based in Luxembourg over sanctions which had been imposed on them by the EU in late July.10:53 17.10.2014
Russia aims for higher fines for violations in financial services advertisingA bill increasing fines for violations in financial services advertising to 1 million rubles ($25,000) may soon be submitted to the State Duma, TASS reports on Thursday citing Viktor Klimov, Deputy Chairman of the State Duma Committee on Economic Policy.15:49 16.10.2014
Russia mulls incentive for social entrepreneurshipA group of lower house lawmakers and one upper house member have submitted amendments to the State Duma that would introduce the notion of social entrepreneurship and stipulate government support for it, RIA Novosti reports.14:26 16.10.2014
Russian MP calls dibs on foreign assets in response to sanctions - reportYevgeny Fyodorov, a lawmaker for the United Russia party, has proposed a bill setting rules for the seizure of assets in Russia owned by foreign businesses as a response to Western sanctions over the Ukraine crisis.10:46 15.10.2014
Residents of troubled Ukrainian regions evade fines for lax utility paymentsResidents of Ukrainian territories engaged in ongoing hostilities won’t be subject to fines for falling behind the utility payments, RIA Novosti reports on Tuesday citing regional development minister Andrei Belousov.16:59 14.10.2014
Russia considers 'offshore amnesty' - reportRussian authorities are considering amnesty aimed at moving assets from tax havens to the country, Izvestia newspaper reports, citing an undisclosed source with direct knowledge of the matter.11:14 09.10.2014
Putin signs law on Reserve Fund to cover shortfalls in the budgetRussian President Vladimir Putin has signed into law a bill that allows the use of extra oil and gas revenues to replenish the Reserve Fund and cover shortfalls in the budget starting on January 1, 2015.14:00 06.10.2014
Putin signs law ratifying treaty on Eurasian Economic UnionPresident Vladimir Putin has signed into law the ratification of the treaty on the Eurasian Economic Union (EAEU), RIA Novosti reports on Friday.17:27 03.10.2014