Russian Gov't Raises Economic Estimate
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Russia's government said Wednesday the country's economy grew by 7.1 percent last year, an increase in its preliminary estimates.
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The revised bill raises by $700 million the Russian government's previous $3.4 billion estimate of back taxes for 2001.
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Despite a spate of bad news, Russia's economy continues to grow.
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Russian inflation hits food purchases hardest.
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Russian inflation was 11.7 percent in 2004, slower than the 12 percent rate for 2003 but still above government's target, according to Russia's Federal Statistics Service.
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Russia's space program is recovering from its post-Soviet financial meltdown, but government spending is still just a fraction of what is needed to revive the program to its former glory, top Russian space experts said Monday.
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Russia, the world&#39;s second-biggest oil exporter, next month will increase northern Baltic port loadings on expectations winter storms in the Black Sea and traffic in the Bosporus
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The Russian government does not allocate enough money for the Russian space robotics, said Vitaliy Lopota, the director and chief constructor of the St Petersburg Institute of Robotics and Technical Cybernetics, as shown by Russian RBK TV "Intrigue of the Day" programme on 29 January.
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MOSCOW Yukos has substantially increased the reserve estimates for its biggest subsidiary, one currently being appraised for sale by the government.
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Russian officials demanded up to $10 billion in additional taxes from Yukos and its soon-to-be-sold main unit on Monday, pushing the debts of Russia&#39;s embattled No.
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The government on Thursday said it had not received a formal response from Russia to its extradition request for the chief suspect in the Alexander Litvinenko poisoning case, despite reports it had been refused.
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Legal capital flight from Russia more than tripled last year to &#36;7.9 billion from a year ago, while the volume of money that illegally left the country via shadowy business transactions jumped by more than 50 percent, the Central Bank said Thursday.
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The government scrambled Thursday to persuade Russia not to cancel a major exhibition in London, promising to fast-track legislation to reassure Moscow of the safe return of its art works.
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Russian citizens do not believe that Chechen presidential elections scheduled for Sunday will change the situation in the republic, shows an opinion survey conducted by the ROMIR independent research center.
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The forum in St. Petersburg will focus on gains in the economy that have been overshadowed by negative political news from Russia.
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Global credit rating agency Standard & Poor's says Russian government debt is looking like a good investment again.
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Russia&#39;s finance minister announced a $5.4 billion increase in funding for four key security agencies on Tuesday, a day after President Vladimir Putin announced his plan for combatting terrorism.