In the period under review, the most high-profile developments in the world economy were financial problems of Cyprus, visit of China’s new leaders to the Russian Federation and the issues related to development of the principles of mutual relations with China in the sphere of economic...

Amid financial instability, the state is not recommended to increase any form of financial pressure. On the contrary, it is advisable to limit state obligations, cut state expenditures and preserve reserves. However, the burden on taxpayers is not reduced or reduced insignificantly and only in...

In the period under review, a large number of regulatory documents was approved. A part of those documents is aimed at highlighting in the Tax Code of the Russian Federation tax issues resulting from adoption of the legislation regulating new types of fi nancial instruments and business deals,...

In the period under review, a large number of regulatory documents aimed at coping with crisis phenomena in the economy were released. The main guidelines for the RF Government's activities in the period under review, a large number of regulatory documents aimed at coping with crisis phenomena...

President Vladimir Putin's annual televised call-in show was held in the period under review. The Russian government economic and social blocs discussed whether to keep or revoke the compulsory funded component in the contribution to the Russian Pension Fund. Meanwhile, a decision was made to...

Russia's government began to implement its anti-crisis plan for 2015 by adopting specific documents in the period under review. Despite its pro-market rhetorical statements, the government has so far taken no substantial steps towards economic reforms and enhancing the business environment in...

The following developments marked the period under review: the Gaidar Forum 2015 was held in Moscow on January 14-16, the World Economic Forum's Annual Meeting was held in Davos (Switzerland) on January 21-23, 2015, as well as a draft document of anti-crisis measures aimed at tackling the impact...

It by all means is nearly twofold devaluation of the national currency amid falling crude oil prices that was the key event in the period under review, which determined Russia's economic development vector

The period of October–November 2014 was very unstable economically. The rapid slide of crude oil prices, below $80 per barrel, was followed by a nearly 40% depreciation of the ruble against world currencies. Having lifted limits on the ruble exchange rate fluctuations and imposed limits on...