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May 12, 2024 at 5:31 PM. By Guy Faulconbridge and Andrew Osborn. MOSCOW (Reuters) -Russian President Vladimir Putin tapped a civilian economist as his surprise new defence minister on Sunday in an ...
May 20, 2024 at 11:48 AM. MOSCOW (Reuters) - President Vladimir Putin on Monday appointed former deputy economy minister Oleg Savelyev as a deputy defence minister, according to a published decree ...
Russia charged an export duty on oil products, in May 2023 Light Oil products was $4.2 per tonne (compared to $12.9 in December 2022), Naphtha duty was $7.9 and gasoline $4.3 per tonne. [19] From 1 January 2024 the export duty fell to zero as Russia changed the taxation system to add oil to the Mineral Extraction Tax regime.
Within the initial two weeks of the invasion, prices in global oil markets had surged by US$8 per barrel, pushing prices for Brent oil above $100 a barrel for the first time since 2014. On 27 February, BP , one of the world's seven largest oil and gas companies and the single largest foreign investor in Russia, announced it was divesting its 19 ...
Russian President Vladimir Putin has replaced his defense minister and close ally Sergei Shoigu with a civilian economist, a major reshuffle of military leadership more than two-years after Moscow ...
Putin, speaking at the plenary session of Russia's flagship St Petersburg International Economic Forum, said the public finances were generally balanced, putting the $42-billion budget deficit so ...
Privatization in Russia. Russians protest the economic depression caused by the reforms with the banner saying: "Jail the redhead !", 1998. Privatization in Russia describes the series of post- Soviet reforms that resulted in large-scale privatization of Russia 's state-owned assets, particularly in the industrial, energy, and financial sectors.