03 july 2019

Experts of the Gaidar Institute commented to “Izvestia” on the situation related to mothballed state projects discovered by Accounts Chamber.der


02 july 2019

Development of an effective tax system is a critical prerequisite of economic growth, improvement of investment and business climate in Russia.


01 july 2019

Sergey Tsukhlo, Head of IEP Business Survey Department, commented data of the May survey of industrialists to “Economy and life” periodical.

Taxation of Cross-Border Trade: Challenges and Solutions

15 january 2019

The aggregate volume of the main segments of the Russian e-business market estimated at Rb 1,357.3bn, Rb 2,031.2bn and Rb 2,347.0bn in 2013, 2015 and 2016, respectively, keeps growing.  It is to be noted that in Russia growth rates of various sectors of e-business are much higher than those of the economy as a whole.

Revenues from Privatization and State Property Management in Draft Federal Budget for 2019-2021

30 october 2018

The draft federal budget for 2019 and the 2020-2021 planned period submitted by the Russian Government to the Parliament suggests utilization of funds received from the privatization of federal property as a separate source of the federal budget deficit funding.

Freelancers will have their own tax regulations

24 september 2018

Special tax regulations for freelancers, i.e. individuals making their living on their own without engaging labor could be introduced in Russia already in 2019.

Evaluation of tax breaks and exemption may become a part of the budgetary process in the Russian Federation

19 september 2018

In September 2018, the Government of Russia submitted a draft of the federal law envisaging evaluation of the shortfall in budget revenues from tax breaks and exemption as well as their control in the budgetary process along with direct budgetary expenditures, to the State Duma of the Russian Federation. These amounts will be accounted as tax expenditures.

Macroeconomic benefits from the VAT increase from 18 to 20%

21 june 2018

The Government suggested to raise the value added tax (VAT) from 18 to 20% as from January 2019.

Starting 2019, VAT will be added to the Single Agricultural Tax

19 june 2018

Starting 2019, agricultural taxpayers will become VAT payers as well, required amendments to the chapters 21 and 26.1 of the RF Tax Code have been drafted and are about to come into effect.

The Quality of Competition in the Banking Sector is Seriously Deteriorating

20 april 2018

A license-withdrawing process and procedures for rehabilitation of large Russian banks, such as FK Otkrytie, the Binbank and the Promsvyazbank resulted in worsening of the competition in the banking sector in 2017.

The Ban will Make the Russian Economy Even More Primitive

17 april 2018

The draft law on anti-US sanctions will be considered by the State Duma before the end of the spring session. The document will permit the government to introduce a ban or limitations on imports to Russia of agricultural products, food, raw products, medicine (except for preparations which have no Russian analogs), alcohol, tobacco and other US-made goods. Also, the initiative calls for introduction of limitations on cooperation in the nuclear industry, rocket and engine building industry, as well as the aircraft industry.

The Potential Robotization and the Economy of Ignorance in Russia’s Regions

16 april 2018

Numerous researchers declare that a new industrial revolution has begun. Development of modern technologies and introduction of robots may cause sporadic growth in technological unemployment.

The factor supporting the ruble is oil prices

12 april 2018

The beginning of this week was marked by a sharp fall in the ruble rate, which continued in the following days, as a result of which the ruble rate fell to the level of November 2016. Thus, for April 9, the ruble depreciated against the US dollar by 4.3% to 60.66 rub. for dollars, for April 10 - by 3.5% to 62.79 rubles. for dollars, and for April 11 - by 3% to 64.68 rubles. for USD

It is possible to expect deterioration of macroeconomic indicators

12 april 2018

Last week, the US Treasury introduced new sanctions against Russian companies and businessmen. In total, the list includes 14 companies and 38 businessmen. The Russian financial market sharply reacted negatively to the new US sanctions: the Mosbirdzhi and RTS indexes fell by 8-11%, the dollar rate exceeded 65 rubles, and the euro - 79 rubles.

Privatization Policy in 2017

09 april 2018

In 2017, a new 3-year privatization program was launched for 2017-2019, approved with some delay by the RF Government's Order No. 227-r of February 8, 2017. The intensity of its adjustments is still small.