Key rate may drop to 18% in July - Aksakov
The Bank of Russia may reduce the key interest rate by 2 percentage points to 18% annually at its meeting on July 25, 2025, Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said.
Anatoly Aksakov
Islamic banking introduced in Russia
Today, State Duma deputies approved in the third, final reading an Islamic banking experiment in Russia
Russia and Iran to trade using stablecoins?
Russia and Iran may start using stablecoins to settle cross-border trade deals. The issue was discussed during a recent visit by a State Duma delegation led by speaker Vyacheslav Volodin to Tehran, chairman of the State Duma Committee on …
Key rate in Russia may be cut to 6.5%
This year, the key rate may be reduced to 6.5%, the chairman of the State Duma committee on the financial market, Anatoly Aksakov said. “I admit that the Central Bank, analyzing the situation, may gradually reduce the key rate. …
Islamic banking may be introduced in Russia by late winter
Russian banks may start providing financial products based on the principles of Islamic banking as early as February 2023, Chairman of the State Duma Committee on the financial market Anatoly Aksakov told Izvestia. He stressed that the …
Cryptocurrency to appear in Russia next year as legal commodity
Cryptocurrency will appear in Russia next year as a legal commodity, but it will not be possible to use it as a means of payment for transactions within the country, Chairman of the State Duma Committee on the financial market Anatoly Aksakov …
Aksyonov awaits large Russian banks in Crimea
The head of Crimea, Sergei Aksenov, hopes that large Russian banks that are on the sanctions lists of Western countries will now be able to work in Crimea. "The tightening of the sanctions regime may in some sense …
Anatoly Aksakov to Vestnik Kavkaza: business needs long, cheap money
In the conditions of restrictions on the work of enterprises due to the pandemic, Russian business needs government support more than ever, and first of all, it requires long-term loans at low rates that will help compensate for the drop in …
U.S. focuses its foreign policy on Ukraine's transit
The United States supports maintaining Russian gas transit through Ukraine. Washington calls it "a strategic deterrent to further Russian aggression," the U.S. State Department said in a statement released on the eve of U.S. Secretary …
Mishustin to refine Russia's national projects and state programmes
Russian Prime Minister Mikhail Mishustin has requested that proposals on refining National Projects and programs for the implementation of President Vladimir Putin’s State of the Nation Address to be submitted to the …
State Duma MP: Mishustin to form Cabinet of tough performers
Russian Prime Minister Mikhail Mishustin will form a Cabinet of the people capable of completing the tasks set by Russian President Vladimir Putin, head of the State Duma’s Committee for Financial Markets Anatoly …
50th World Economic Forum being held in Davos
The 50th Annual Meeting of the World Economic Forum is being held in the Swiss resort village of Davos on January 21-24. The WEF has brought together an estimated 3,000 people from 117 countries, including 53 heads of state and …
Anatoly Aksakov: Russian government needs new blood
Head of the State Duma’s Committee for Financial Markets Anatoly Aksakov, speaking to Vestnik Kavkaza, commented on the resignation of Dmitry Medvedev's Cabinet and President Vladimir Putin's proposal to appoint …
Russian banks reject more than 60% of loan applications
Russian banks rejected more than six in every 10 loan applications made last year, new data has shown. Only 36.9% of requested loans were granted in in Russia last year, down from 41% the year before, the National Bureau of Credit …
State Duma doesn't rule out Nord Stream 3 construction
Head of the State Duma’s Committee for Financial Markets Anatoly Aksakov, speaking to Vestnik Kavkaza, said today that the Nord Stream 3 project is quite real. “Of course, everything here will depend on the …
Russia’s central bank cuts key rate by 1.5% this year
The board of directors of Russia's Central Bank cut the key rate by 0.25 percentage points to 6.25% annually as inflation has slowed down faster than expected, the regulator said in a statement. "Annual dynamics of the consumer …
Russian economy a footstep away from $1 trillion in investments?
Owners of Russia's largest companies and billionaires from 'Russia's Forbes ranking are ready to invest 70 trillion rubles in the Russian economy. This will happen if there is a mechanism to stabilize the conditions for doing …
Russia's secret of beating recession revealed
Russia has avoided economic recession, Russian President Vladimir Putin said at the closing ceremony of the BRICS Business Forum in Brazil. "We have been carrying out a balanced macroeconomic policy for …
U.S.-China trade war to be over soon?
China and the United States have agreed to lift tariffs on each other’s goods in phases, Bloomberg reported citing Chinese commerce ministry spokesman Gao Feng. According to The Wall Street Journal, the stage-one …
Why does ruble become one of strongest currencies in 2019?
Russia's financial environment is improving, and the ruble remains stable regardless of political news, becoming one of the strongest currencies in 2019, according to the article entitled 'After the sanctions and oil shocks: that's …