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The Russian government is implementing a plan to whitewash the economy and increase the efficiency of tax administration.
Finance Minister Anton Siluanov said that the government’s plan to whitewash the Russian economy is yielding results. His statements about successes in the relevant work are quoted by TASS.
“Over the three months of operation of the system for confirming the expectation of goods, the so-called SPOT, we see that about 34 billion rubles in revenues from imports have been attracted, although more, we believe that this figure is much higher, since we see these revenues from other tax revenues,” the minister said at a hearing in the Federation Council on the draft budget.
The Ministry of Finance is analyzing how the economy adapts to tax changes, concentrating on increasing the efficiency of tax administration and whitewashing the economy, Siluanov noted in May. He added that while consolidating the budget, “it is impossible to turn a blind eye to the gray sector in the economy.”
Before this, in particular, it became known about the ministry’s plans to leave preferential VAT only for certified children’s products, increasing the tax for others from 10 to 22 percent. On October 1, the corresponding legislative changes have already come into force.
In December 2025, speaking about the plan for whitewashing the national economy prepared by the Cabinet of Ministers, Russian Deputy Prime Minister Alexander Novak specified that the authorities were going to take steps to stimulate the transition to non-cash forms of payment, which would allow receiving additional revenues to budgets of all levels in the amount of up to a trillion rubles per year.

World prices for Brent oil have stabilized at $102-103 per barrel. Rising exports from Saudi Arabia and G7 plans to release strategic fuel reserves have eased fears of a supply shortage.

Finance Minister Anton Siluanov said that real incomes of Russians will grow by 1.4% in 2027, and by 2.5% annually in 2028-2029. An increase in the minimum wage to 28,935 rubles and the subsistence level to 20,227 rubles was also announced.

The head of the Federal Tax Service, Daniil Egorov, reported an increase in the number of officially employed Russians by 1.3 million over four years. At the same time, the number of citizens without official income decreased by 3.7 million people, and the number of self-employed reached 9.5 million.

In September, the average price of Russian Urals oil reached $92.08 per barrel amid rising world prices due to the conflict in the Middle East. The Ministry of Finance forecasts an increase in additional oil and gas budget revenues in October to 289.46 billion rubles.

The property of businessman Telman Ismailov and his family in Montenegro, worth about 3 million euros, may be seized as part of bankruptcy proceedings. Assets include land plots, commercial properties and companies in Podgorica.

The head of the Accounts Chamber of the Russian Federation, Boris Kovalchuk, said that domestic demand will continue to stimulate the economy. Retail trade is forecast to grow by 8.8% from 2027 to 2029, with fixed investment gradually accelerating as monetary policy eases.