Support The Moscow Times!

Russian Finance Minister Wants Tight Budget and Monetary Policies

Russia's Finance Minister Anton Siluanov

Russia should have tight budgetary and monetary policy to bring down inflation, Finance Minister Anton Siluanov said Tuesday.

Siluanov added that Russia should adapt its budget and economy to new conditions, regardless of decisions made by ratings agencies.

Ratings agency Moody's downgraded Russia's sovereign rating to junk late on Friday, citing the impact from the Ukraine crisis, a fall in oil prices and the ruble exchange rate. Standard & Poor's earlier cut Russia to junk.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.