Russian judges lack money to buy housingAbout 338 million rubles ($10 million) in federal funding has been allocated this year for housing for judges, but this is apparently not enough, an official said on Tuesday.12:43 24.06.2014
Russian civil servants could be prohibited from having foreign accountsPresident Vladimir Putin has forwarded a draft law to the State Duma under which civil servants who are involved with sovereignty and national security issues would be prohibited from having foreign bank accounts.10:41 24.06.2014
Medvedev: Russia to dispute US sanctions in WTORussia is going to dispute economic sanctions imposed by the US in the World Trade Organization, although Russian officials understand that in this case, it will not be easy, Prime Minister Dmitry Medvedev said at a plenary meeting of the St. Petersburg International Legal Forum.16:21 20.06.2014
US firms could be prohibited from consulting Russian state companiesA law is being drafted in Russia to prohibit the US consultancies’ representative offices and subsidiaries from consulting Russian state companies, Izvestia newspaper wrote on Thursday.12:31 19.06.2014
State Duma adopts bill on providing information by Russian banks under FATCA statuteThe State Duma on Tuesday adopted in the first reading a bill to allow Russian financial institutions to provide information about US taxpayers and to oblige foreign financial institutions to report Russian taxpayers to Russia’s Federal Tax Service.16:15 17.06.2014
MasterCard announces tender to process transactions in RussiaMasterCard said it is looking for a Russian company to process all payments made in Russia with the international system’s cards. Currently, all such payments are being processed outside Russia.13:48 17.06.2014
Gazprom may file another $18 bln lawsuit against Ukraine’s Naftogaz in StockholmGazprom may file another lawsuit with the Arbitration Institute of the Stockholm Chamber of Commerce to recover $18 billion from Ukraine, according to Gazprom CEO Alexei Miller.10:28 17.06.2014
State Duma Committee supports bill on payment card system operation in RussiaThe State Duma Committee on Financial Markets has recommended that a bill which would expand the authority of the cabinet of ministers to ensure uninterrupted service of the international payment card systems should be adopted in its first reading .17:12 16.06.2014
Russian parliament mulls relaxing rules for Visa and MasterCardThe State Duma Financial Markets Committee will hear amendments to the law on the national card payment system to relax requirements for Visa and MasterCard after the four-day holiday in mid-June, said committee head Natalya Burykina.14:46 06.06.2014
Russian government to regulate payment card system security depositsThe Government has submitted a bill to the State Duma that would expand the authority of the cabinet of ministers to ensure uninterrupted service of the international payment card systems, according to a directive signed by Prime Minister Dmitry Medvedev.11:19 05.06.2014
Ukrainian government greenlights pre-arbitration arrangements against GazpromThe Ukrainian government has instructed Naftogaz and the Energy Ministry to hire attorneys to represent them during the arbitration proceedings against Gazprom, according to a statement on the Cabinet of Ministers’ website.13:56 26.05.2014
Number of economic crimes in Russia decreases by 20% - officialThe number of economic crimes has fallen by 20% after the adoption of a federal law which restricts powers of law enforcement authorities, business ombudsman Boris Titov told President Vladimir Putin in St. Petersburg on Sunday.12:14 26.05.2014
Visa, MasterCard to remain in RussiaVisa and MasterCard have reached preliminary agreement on the terms of operating in Russia with the authorities, according to the companies' statements made on Friday.14:42 23.05.2014
Central Bank to decide on requirements for international payment systemsRussian lawmakers plan to exclude requirements for the Visa and MasterCard international payment systems from the bill on a national card payment system. The right to set requirements will be granted to the Central Bank of Russia or the Government, RIA Novosti reports citing a source familiar with the amendments.12:53 22.05.2014
Sanctioned Russian bank won't go after Visa, MasterCardSMP Bank, one of the banks affected by sanctions from the US, does not intend to sue Visa or MasterCard international payment systems at this point although there would be a good chance of winning such a suit, an official representative of the Russian loan organization told RIA Novosti.17:16 20.05.2014
Diamond export from Customs Union simplifiedThe Board of the Eurasian Economic Commission (EEC) has released exporters from responsibility to put natural diamonds up for sale in the Customs Union before exporting them to other countries, according to a statement from the commission.10:27 16.05.2014
Russian parliament approves law on national card payment systemThe Federation Council, the upper house of Russia’s parliament, approved the law on creating a national card payment system on Tuesday. President Vladimir Putin said that Visa and MasterCard could lose the Russian market and pointed to the need to create a national card payment system in Russia.15:28 29.04.2014
Ukraine claims Yanukovich and top officials funneled $32 bln to RussiaUkraine’s Acting Prosecutor General Oleh Makhnitskyi said in an interview with The Financial Times that Viktor Yanukovich and his team had allegedly removed at least $32 billion to Russia, the Prosecutor General’s Office said on its website.11:46 29.04.2014
US may adopt sanctions against Rosneft and Gazprom CEOs - reportThe United States is weighing sanctions against Rosneft President and CEO Igor Sechin and Gazprom CEO Alexei Miller, The New York Times writes citing US officials.09:52 28.04.2014
Russian lawmakers pass amendments on foreign nationals’ bank accountsThe State Duma has passed an amendment to a bill on the uninterrupted operation of foreign payment systems, currently in the second reading, that would allow banks to close the accounts of foreign nationals if US law requires the provision of data on such accounts.14:10 25.04.2014