Russian Finance Ministry
The Ministry of Finance of the Russian Federation is the federal executive body responsible for drafting and implementing the state's financial and budgetary policy. It is led by the Minister of Finance; in the context of these reports, the minister is Anton Siluanov. The ministry prepares the draft federal budget, manages the public debt, and handles Russia's international financial relations.
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U.S. extends Lukoil sanctions exemptions for foreign gas stations until April 2027
The U.S. Department of the Treasury extended general licenses allowing certain activities with sanctioned Russian oil company Lukoil until April 24, 2027. The licenses permit Lukoil-branded gas stations outside Russia and named Bulgarian Lukoil entities to continue operating while the underlying sanctions remain in force. The decision came about a week after President Donald Trump announced a deal for Russian diesel supplies to U.S. and global markets, drawing bipartisan U.S. criticism and sharp pushback from EU foreign ministers.
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Bessent tells Russia's Siluanov no economic cooperation possible until war in Ukraine ends
US Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that no easing of economic restrictions or agreements on other matters are possible while Russia's war in Ukraine continues, in a bilateral meeting on the sidelines of the G20 finance ministers gathering in Asheville, North Carolina. The meeting took place as European representatives expressed dissatisfaction with Siluanov's first in-person attendance at a G20 financial meeting since the start of the full-scale invasion.