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Showing posts with label the st. petersburg times. Show all posts
Showing posts with label the st. petersburg times. Show all posts

Monday 30 June 2014

Russia Will Defend Economy Against EU Agreements, Says Spokesman

Friday 27 June 2014

Putin Eases Restrictions on Foreign Workers


The St. Petersburg Times (Published: June 24, 2014 (Issue # 1816) (Click here to original new)

  • Russian IT companies will now have an easier time employing foreigners.
    Photo: Intel Free Press / Flickr

President Vladimir Putin signed a law on Monday simplifying the process for foreign journalists and IT specialists to work in Russia, a statement on the Kremlin’s website said.
Previously, to gain the status of a highly qualified specialist, a journalist was required to earn a salary of at least 2 million rubles ($59,000) per year. The new law reduces this sum to 1 million.

Bill Gives Visa, MasterCard Reprieve Until Oct. 31


  • Visa and MasterCard together process about 90 percent of payments in Russia.
    Photo: Maxim Stulov / Vedomosti
THE ST. PETERSBURG TIMES (June 26, 2014) (Click to original new)
International payment systems Visa and MasterCard could get a reprieve until Oct. 31 on a security deposit of up to $2.9 billion that the Russian government has demanded they pay if they are to continue operating in Russia.
According to a draft bill by the Finance Ministry published Wednesday on the government's legislation portal, payment systems operating in Russia can be freed from the obligation to pay a security deposit until Nov. 1 this year — on one condition. To receive the exemption, the companies will need to stop providing information about money transfers carried out in Russia to clearing centers abroad.