Russian shopping malls are facing mass closures as they struggle to cope with tax hikes and rising loan costs. Businesses ...

Russia's IT sector failed to grab the opportunity opened by the exodus of foreign vendors, and prospects for 2025 lack optimism. Slowing growth When major Western IT vendors left Russia following the ...

In the gas sector, dominated by Russia's Gazprom, the tax burden remains low because tax rates are low; the structure of taxes does not adequately capture monopoly or resource rents; and tax ...

and rising tax revenues will see the deficit shrink to 0.5 percent of GDP. He also said that Russia's GDP is projected to grow at a rate of 1.4 percent annually, despite sanctions imposed by the ...

Russia’s oil proceeds to the state budget ... prices as the nation adapted to international sanctions. Oil-related taxes rose to 9.19 trillion rubles ($89.4 billion) 2024, up from 7.04 trillion ...

Russia's Ministry of Energy revealed its intention ... miners with crypto income up to 2.4 million rubles (approximately $23,976) face a 13% tax rate, while those earning above this threshold ...

Senate Finance Committee members Catherine Cortez Masto and John Cornyn introduced legislation Thursday to stop companies ...

In response to Russia’s invasion of Ukraine, the draft bill would apply the same treatment to taxes paid to Russia as those paid to Iran and North Korea. It would go a step further than the ...