The Russian economy, according to the Russian Economic Development Ministry, “has hit the bottom, and Q4 results will be markedly better than the Q3 ones”. It is telling that the situation developed at the end of August almost mirrors that at the end of December 2014, but there has been no...

In the period of 2013 under review, President Putin presented a Budget Message in which he outlined the guidelines for the state monetary policy in years to come, and the Taxation Policy Guidelines for 2014-2016 adopted by the Russian Government were published. Both documents showed higher...