Anatoly Aksakov

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Russia's inflation reaches critically low level

Russia's inflation reaches critically low level

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 …

 US to impose sanctions against Russia and its partners

US to impose sanctions against Russia and its partners

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 authorities concerned about too low inflation

Russia's authorities concerned about too low inflation

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 …

Why did Russia’s rating grow?

Why did Russia’s rating grow?

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 …

BRICS gains economic independence

BRICS gains economic independence

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 …

VEB and RosEvroBank join Association of Regional Banks of Russia

VEB and RosEvroBank join Association of Regional Banks of Russia

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, …

Russian banks hit record profits

Russian banks hit record profits

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 …

 G20 summit kicks off in Hamburg

G20 summit kicks off in Hamburg

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 …

Oil breaks the ruble

Oil breaks the ruble

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 …

Russian economy wants dollar to be cheap

Russian economy wants dollar to be cheap

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. …

Russian Central Bank close to its goal

Russian Central Bank close to its goal

Inflation in Russia has dropped to 4.1% in annual terms, Chairman of the Central Bank Elvira Nabiullina said. "In March, inflation has dropped to 4.3%. As of April 17, inflation has already dropped to 4.1% in …

Dollar reaches 55 rubles again

Dollar reaches 55 rubles again

The ruble exchange rate is strengthening against the dollar and the euro on the Moscow Stock Exchange: the dollar declined by 0.18 rubles and was worth 55.9 rubles,  The euro exchange rate fell 0.24 rubles and was worth 59.65 …

Russian Central Bank symbolically cut its key rate

Russian Central Bank symbolically cut its key rate

The board of directors of Russia’s Central Bank has decided to cut its key interest rate for the first time since September 2016 by 25 basis points to 9.75% per annum. "The Board of Directors notes that inflation slowdown …

Review of Russian banks extended until 2019

Review of Russian banks extended until 2019

Russia plans to extend a review of bank licenses for another two years, shutting down scores more banks after closing hundreds in the past four years, mostly for committing fraud or other crimes, Russia's central bank deputy governor …

Does ruble reach its maximum?

Does ruble reach its maximum?

Today's trading on the Moscow stock exchange resulted a sharp decline in the dollar and the euro exchange rates against the ruble. As of 10:40 (MSK), the euro exchange rate fell below the level of 60 rubles, and as of 11:40 it …

Russian government to deal with incomes of Russians

Russian government to deal with incomes of Russians

The main task of the Russian government at the moment is the restoration of incomes of the population, which strongly declined in recent years, the Russian Deputy Prime Minister Olga Golodets said at the Gaidar Forum today. …