On Dec. 30, 2011, the Finance Ministry issued letter No. 03-08-13/1, changing the authorities' view of what constitutes a beneficial owner as well as how eurobond interest is taxed. Ivan Zelenin Junior Associate Pepeliaev Group On Dec. 30, 2011, the Finance Ministry issued...

The International College of Economics and Finance, established jointly by the London School of Economics and the Higher School of Economics (Moscow), is inviting applications for part-time teaching positions in Economics, Finance, Statistics, Mathematics, Humanities (taught in English) at the...

... In a new Cabinet whose composition was widely leaked in advance, Alexander Novak's elevation to the crucial energy portfolio came as one of the biggest surprises. In 2008, Novak moved from his role as a deputy governor of  the Krasnoyarsk region to the Finance Ministry in Moscow to become a deputy finance minister under Alexei Kudrin. Sources at oil and gas companies said Novak's appointment to the job of energy minister was unexpected and one former executive from a top company, who requested anonymity...

The Finance Ministry’s latest proposals on luxury taxes put the rate for real estate at 0.05 percent to 0.3 percent, while owners of cars with engines of 410 horsepower or more will also be paying more — a rate that will affect less than 2 percent of all...

... pro-Kremlin youth organization Nashi said he was joking when he claimed to have funded a liberal-leaning news site, saying his humor was mistaken as a serious comment. Vasiliy Yakimenko said on writer Sergei Minayev's Internet talk show Monday that he had financed Ridus, called by its founder Ilya Varlamov an independent news outlet of "civic journalism," but the Nashi founder went back on his claims when pressed on the question in an interview on Dozhd television. "There was a question...

Payment of wages in cash would be forbidden and stores would be forced to install credit-card terminals if legislation being developed by the Finance Ministry is implemented. Payment of wages in cash would be forbidden and stores would be forced to install credit-card terminals if legislation being developed by the Finance Ministry is implemented, Vedomosti reported. A Finance Ministry working...

... biggest surprises of the day. Less than four years ago the man now in control of the industry providing about 40 percent of federal revenue was a deputy governor of the Krasnoyarsk region. In 2008, Novak, who was born in Ukraine, transferred to the Finance Ministry in Moscow to become a deputy finance minister under Alexei Kudrin. Sources at oil and gas companies confirmed that the appointment was unexpected and one former executive from a top company, who requested anonymity to speak freely, said...

A plan for financing a high-speed rail link between Moscow and St. Petersburg indicates that government spending on tracks for the project could reach as much as $35 billion. A plan for financing a high-speed rail link between Moscow and St. Petersburg indicates...

... Khloponin preserved their positions as deputy prime ministers. Surkov will also be the Cabinet’s chief of staff, Putin said. The Kremlin and the Cabinet didn’t spell out any other responsibilities for the deputy prime ministers. Former Deputy Finance Minister Alexander Novak will head the Energy Ministry, replacing Sergei Shmatko. He said Dvorkovich would take charge of oil, gas and other industries, RIA-Novosti reported. Anton Siluanov, the former acting finance minister, will continue heading...

Russian state development bank VEB may extend a $500 million loan to Belarus to help finance the construction of a new nuclear power plant, the bank said Thursday. "We expect the work [on the loan deal] to conclude within two months," said Pavel Kallaur, head of VEB's Belarussian subsidiary. "The interest rate will be slightly...

The Finance Ministry is in favor of renewing zero profit tax for farmers, but this should be for the regions to decide, acting Finance Minister Anton Siluanov said at a meeting chaired by Prime Minister Dmitry Medvedev, Interfax reported Wednesday. "Farmers...

A bank card designed to finance Alexei Navalny's Anti-Corruption Fund was criticized Wednesday by state-owned Sberbank as "incomprehensible." A bank card designed to finance Aleksei Navalny's Anti-Corruption Fund was criticized Wednesday by state-owned Sberbank...

... director. “The problem is finding the next group — entrepreneurs who were successful, sold and are now angel investors,” she said at a conference last week for the first-ever business angel week in Russia. Business angels are investors who not only finance entrepreneurial projects at an early stage, risking their own money, but also support the project with their business experience and contacts. Also attending the conference, Rusnano director Anatoly Chubais said diversification of the economy...

... and selling coats, car parts and pets through classifieds website Avito.ru could happen in more cities and regions now that the company has received $75 million in a new round of private-equity and venture-capital financing. Buying and selling coats, car parts and pets through classifieds website Avito.ru could happen in more cities and regions now that the company has received $75 million in a new round of private-equity and venture-capital financing. The company...

... Energy Ministry (called Energy Ministry since 2008), starting as an adviser in the production-sharing agreements department, then moving to become deputy head and head of the department 2000-2001: Worked at LUKoil's main department for investment and finance and main department for corporate financing and investment 2001-2005: Head of department at Zarubezhneft 2005-2008: Head of the economics and finance department at the Natural Resources Ministry (renamed the Natural Resources and Environment Ministry...

... Gref, who was head of the ministry at the time. In 2008, shortly after Vladimir Putin began his second presidential term, Belousov was moved from the ministry to the president's administration as director of the government's department of economics and finance. He held that position until Monday. Belousov also headed the Strategic Initiatives Agency, a nongovernmental organization whose establishment was initiated by Putin last year to support medium-sized business and improve the business climate...

... óñïåøíóþ êàðüåðó? Part-time MBA, âåäóùèå ïðîôåññîðà ìèðîâîãî óðîâíÿ. Ìîäóëüíàÿ ñèñòåìà îáó÷åíèÿ â Âåíå, Àâñòðèÿ. • Professional MBA: íà÷àëî — îêòÿáðü 2012 ãîäà 10 ñïåöèàëèçàöèé: Banking, Energy Management, Entrepreneurship & Innovation , Finance & Controlling, Marketing & Sales, Project & Process Management è äð. • Executive MBA (Global): íà÷àëî – 2013 ãîä Òðîéíàÿ àêêðåäèòàöèÿ. Ñîâìåñòíàÿ ïðîãðàììà ñ University of Minnesota, USA. Ðåéòèíã ãàçåòû «The Financial Times»: âõîäèò...

... Credit Europe Bank's president Haluk Aydinoglu told Kommersant. Auchan Group will control the joint venture, Kommersant reported Monday, citing a source close to the French company. In another example of a foreign investor not traditionally involved in finance seeking to enter Russia's banking sector, carmaking alliance Renault-Nissan intends to partner with Unicredit Group — which is present in the country through its subsidiary Unicredit Bank — to set up a local joint venture, according...

... Shuvalov’s position, placing him in the role of Putin’s representative in the new Cabinet,” said Alfa Bank chief economist Natalya Orlova. In Putin’s government, Shuvalov was seen as a mediator between the Cabinet liberals led by former Finance Minister Alexei Kudrin and advocates of a stronger role of the state, led by Deputy Prime Minister Igor Sechin. Sechin is likely to leave the Cabinet but may retain his influence in the energy sector after being appointed as board chairman to...

The former head of the Federal Youth Agency said Tuesday that the government has financed a liberal-leaning news outlet founded by Ilya Varlamov, one of the country's most popular bloggers. The former head of the Federal Youth Agency said Tuesday that the government has financed a liberal-leaning news outlet founded...