
First victim of new sanctions: Deripaska quits Rusal
Oleg Deripaska has stepped down from his role as Russia's aluminum producer Rusal, the company said in a statement released today via the Hong Kong stock exchange. …
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Oleg Deripaska has stepped down from his role as Russia's aluminum producer Rusal, the company said in a statement released today via the Hong Kong stock exchange. …
Russia’s State Duma has passed the final third reading of a law on counter-sanctions against the US and other unfriendly states. The law stipulates that the Russian president may provide the government with the right to impose …
Russia's Mir payment system may start functioning in Iran by the end of this year, the chairman of the Russian State Duma Committee on Financial Markets Anatoly Aksakov said. "Iranian and [Russian] Markets are …
Russia's Finance Ministry said it would increase its daily purchases of foreign currency for state reserves to the equivalent of 15.7 billion rubles ($277.39 million) between February 7 and March 6, a record high. According to the …
Russia's banking system would likely hit record profits next year, the main Sberbank analyst Mikhail Matovnikov said. According to him, Russian banks's profits would have reached 1.5 trillion rubles …
Extended US sanctions on Russia that cause foreign investors to pull out of its bond markets is a potential 'black swan' for 2018 that could trigger big ruble falls, Bank of America Merrill Lynch (BAML) said in a note. BAML …
Russia's annual inflation reached 2.5-2.6%, the head of the Russian Ministry of Finance Anton Siluanov said, speaking at the Financial University forum. "Our inflation is quite low - 2.5-2.6% (in annual …
The law on new sanctions imposed by the US against Russia obliges the US authorities to ensure that Russian citizens and those companies that are already under sanctions do not receive assistance from foreign citizens and companies. As …
Russia's Finance Ministry and the country's Central Bank plan to discuss a mechanism to introduce capital controls in the event of a severe crisis, the country's Deputy Finance Minister Vladimir Kolychev …
However, this is the budget of stability and progressive economic development
Russia's annual inflation this month will be below 3%, which, however, can ot be assessed as a positive phenomenon in terms of deviation from the Central Bank's goal of 4%, the head of the Russian Ministry of Economic Development …
Russia's State Duma plans to draft a law, which obliges bank owners to be answerable for obligations with their property not only in case of bankruptcies, but in cases of recovery procedures as well. Chairman of the State …
According to Reuters, ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable. Fitch, which also affirmed Russia’s rating at “BBB-”, said …
On Monday, September 4, during the summit in the Chinese city of Xiamen, BRICS countries adopted a joint declaration, in which they agreed to take a number of economic measures. In particular, heads of BRICS states decided to create a bond fund …
The Board of the Association of Regional Banks of Russia (the ‘Russia’ Association) has decided to accept Vnesheconombank (VEB) and RosEvroBank. The relevant information appeared in the press release of the association. A week before, …
Russia's Economic Development Minister Maxim Oreshkin expects that the ruble exchange rate will remain stable in the coming months. "The factors that influenced the ruble in the first half of the year are no …
The Russian banking sector's profits in the first half of this year exceeded 750 billion rubles, which is a historic high for the Russian Federation, according to the Bank of Russia's information and analytical material for the …
The two-day G20 summit started in Hamburg on Friday. Germany took over the presidency from China on Dec. 1, 2016. The main topics will be economic and financial policy, climate, trade, employment and development. Migration and refugee …
Russian national currency rate began to drop today following cheap oil prices, which dropped to $47.2 per barrel. The dollar rose to 58 rubles, while the European currency exceeded psychological mark of 65 rubles for the first time since February …
According to a survey conducted by the Gaidar Institute among heads of Russian industrial enterprises in March, 52 rubles per dollar is the exchange rate of the national currency, which is optimal for the Russian industry. …