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On 10 September, the International Budget Partnership (IBP) released the Open Budget Survey 2015, the fifth of its kind since 2006.

After eighteen months break, the Russian Ministry of Defense published the official departmental statistics for the years 2014 and 2015 regarding the number of military retirees, provisioned in paragraph 7.1 of the federal statistical work plan. The information was published in the “Open Data” section on the official web site.

Ministry of Economic Development drafted a government resolution aimed at increasing the use of innovations by the state companies.

The quality of state government and efficiency of budget expenses are becoming dominant domestic factors of the budget system stability, its ability to adjust to risks related to falling prices on hydrocarbons and economic growth slowdown.

Today both Russian legal and individuals may open accounts (deposits) with foreign banks outside the Russian Federation.

Last week the Bank of Russia took two important decisions regarding the monetary policy: first, from 28 July onward purchases of foreign currency to replenish international reserves were halted, and, second, from 3 August the key rage was reduced by 0.5 p.p. from 11.50 to 11.00 per cent per annum.

At the end of June 2015, the Russian government approved "Main Directions of the Budgetary Policy for 2016 and for the Planned Period of 2017 and 2019" submitted by the Ministry of Finance.

In early 2015, the volume of the corporate loan market contracted markedly. For January-May 2015, banks provided to legal entities new loans in the volume of Rb 11.9 trillion down 17.5% against January-May 2014 (Rb 14.4 trillion).

According to the data released by the Rosstat, contraction of Russian industrial output in terms of year on year has speeded up from 0.4% in Q1 2015 to 4.9% in Q2 2015. Accelerated contraction was mainly due to the sectors which produce capital goods (mechanical engineering and construction materials) as well as long-term consumer goods.

A draft of the Main Directions of the budget policy for 2015 and the planned period 2017-2018 is uploaded on the Ministry of Finance of Russia on 1 July. It was discussed and approved at the meeting of the government on 25 June.

On 29 June – 1 July 2015, Civil BRICS Forum was held in Moscow. Forum became the first innovation project of the kind on BRICS platform implemented within BRICS summit in 2015.

Main thesis of the Financial Stability Review released by the Bank of Russia states that "the financial system turned out to be resilient to external shocks" and "in the current circumstances repetition of the situation created in December 2014 remains unrealistic..."

On 24 June, the Bank of Russia took decisions to cancel the licenses of two credit participants: MAST-bank which submitted to the RF CB unreliable reporting and from commercial bank TEST which was involved in carrying out dubious transactions aimed at assets outflow from Russia. Thus, in June the Bank of Russia cancelled the licenses of 10 banks.

In the course of the St. Petersburg International Economic Forum a total of 205 agreements, letters of understanding, frame protocols, as well as contracts were signed totaled Rb 293.6 bn.

On 15 June 2015, the Bank of Russia Board of Directors took a pending decision to reduce the key rate by 1 p.p. from 12.50 to 11.50 percent per annum.

Real disposable money income of the population continue falling. For the first four months of 2015, the real disposable money income of the population fell by 2.2% compared with January–April 2014.