Russia's Deposit Insurance Agency pays $553 mln to Crimean residentsRussia's Deposit Insurance Agency has paid 22 billion rubles ($553 million) to over 200,000 residents of the Republic of Crimea who had accounts at Ukrainian banks.13:53 03.10.2014
Steep fines may be introduced for operations with digital currency in RussiaRussian Finance Ministry has presented a bill introducing 1-million-rubles (over $25,000) fine for businesses for transactions through cryptocurrency, or “digital currencies”, including bitcoin.11:47 03.10.2014
No restrictions on capital flow in Russia - PutinRussia has no plans to impose restrictions on the flow of currency and capital in the country, President Vladimir Putin said on Thursday.14:11 02.10.2014
Russia simplifies procedures for receiving citizenship by foreign investorsThe Russian government has approved simplified procedures for granting Russian citizenship to foreign businessmen and investors in all sectors of the economy with some exceptions.10:59 02.10.2014
Russian upper house ratifies treaty on Eurasian Economic UnionThe Federation Council of Russia’s parliament has ratified the treaty on the Eurasian Economic Union (EAEU), which the presidents of Russia, Belarus and Kazakhstan signed in May, RIA Novosti reports on Wednesday.16:22 01.10.2014
Kirchner says US judge’s actions threaten Argentina’s sovereigntyThe president of Argentina, Cristina Fernandez de Kirchner, has slammed US Judge Thomas Griesa for the alleged intention to “destroy” Argentina’s sovereignty and the process of debt restructuring, RIA Novosti reports on Wednesday.12:02 01.10.2014
Russia's Central Bank to launch market manipulation probeRussia's Central Bank will conduct a probe into attempted market manipulation after allegations about capital outflow restrictions.11:40 01.10.2014
Russian parliament to review bill on freezing pension accruals in 2015The Russian government has submitted a bill to the State Duma to extend a moratorium on the transfer of pension accruals to non-state pension funds into 2015, RIA Novosti has reported on Tuesday, citing the government’s press service.11:59 30.09.2014
Ukrainian President signs law on free economic area in CrimeaUkrainian President Petro Poroshenko has signed a law establishing a free economic area in Crimea that joined Russia as a result of a referendum, RIA Novosti reports.17:28 25.09.2014
Foreign media ownership bill to encompass glossy magazinesThe State Duma Committee on Information Policy claims that a bill seeking to restrict foreign ownership of media in Russia will encompass glossy magazines.11:58 25.09.2014
Japan announces additional sanctions against RussiaThe Japanese government announced additional sanctions against Russia related to the situation in Ukraine, RIA Novosti reports Wednesday, citing Chief Cabinet Secretary Yoshihide Suga.14:50 24.09.2014
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
Italy’s Finance Guard confirms freezing Arkady Rotenberg’s assetsThe Finance Guard of Italy has confirmed earlier reports that Arkady Rotenberg’s assets are being frozen. However, the Russian businessman can appeal the order, a spokesperson for the financial authority told RIA Novosti on Tuesday.15:52 23.09.2014
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
Canada lifts sanctions on two Russian banksCanada has cancelled sanctions against two small Russian banks, Expobank and Rosenergobank, the Canadian Foreign Affairs Department said on its website.10:37 19.09.2014
European Parliament calls for excluding Russia from SWIFTThe European Parliament “calls on the EU to consider excluding Russia from (…) the SWIFT international payment system,” the parliament said in a resolution adopted today.16:41 18.09.2014
Arrest of Yevtushenkov to impact investment climate in Russia – officialThe arrest of Vladimir Yevtushenkov, the board chairman and largest beneficiary of Russia’s largest publicly-traded diversified holding company Sistema, will create additional risk for Russia’s investment climate, Economic Development Minister Alexei Ulyukayev said on Thursday.16:04 18.09.2014
Sanctions-affected companies to receive budget assistance – MedvedevIn view of the imposed economic sanctions against Russia, the government had to review the budget to provide additional assistance for the sanctions-affected domestic companies, Prime Minister Dmitry Medvedev announced.13:13 18.09.2014
Poroshenko signs Ukraine-EU association agreement into lawPresident Petro Poroshenko signed a law on Ukraine’s association with the EU immediately after the Verkhovna Rada ratified the document, RIA Novosti announced on Tuesday.15:29 16.09.2014
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