Andrey Belousov

Russia's First Deputy PM: ruble is too strong now

Russia's First Deputy PM: ruble is too strong now

The ruble rate is too strong now and the rate of 70-80 rubles per dollar is balanced, First Deputy Prime Minister Andrey Belousov said in an interview with TASS. "The ruble is too strong with us. 55-60 rubles per dollar is the …

Russian weekly inflation falls to 0.66%

Russian weekly inflation falls to 0.66%

Russian weekly inflation fell to 0.66% in the latest week, First Deputy Prime Minister Andrei Belousov said on Wednesday. Weekly inflation in Russia slowed to 0.99% in the week to April 1 from 1.16% a week earlier, taking the …

Andrey Belousov: Russia under fourfold blockade

Andrey Belousov: Russia under fourfold blockade

The West is trying to isolate Russia as much as possible from the world economy, Russia's First Deputy Prime Minister Andrei Belousov said addressing the Federation Council on Wednesday. "They literally want to pull Russia …

Russia's PM Mishustin resumes duties after recovering

Russia's PM Mishustin resumes duties after recovering

Russian Prime Minister Mikhail Mishustin, who had been admitted to hospital with COVID-19, has resumed his duties, according to Russian President Vladimir Putin’s decree published on the Kremlin website on Tuesday. Mishustin …

Russia's Central Bank to cut key rate to 5%?

Russia's Central Bank to cut key rate to 5%?

Assistant to the Russian president Andrei Belousov believes that potential for further easing of the Russian Central Bank's monetary policy after several consecutive cuts in the key rate remains quite high. According to him, …

Rosneft to be privatized before December 15

Rosneft to be privatized before December 15

Privatization of state-owned oil company Rosneft should be completed before December 15, the Russian President’s aide Andrei Belousov said. "Our date is December 15," he answered the question if the …

Russian Central Bank promises to keep floating ruble rate

Russian Central Bank promises to keep floating ruble rate

The Bank of Russia does not plan to abandon the floating ruble rate and influence the rate level, the press service of the regulator said. "The floating rate is the built-in economic stabilizer that has proved its efficiency. The …

Will Brexit hurt Russia?

Will Brexit hurt Russia?

Britain leaving the European Union would have an impact on the Russian economy and budget since it will lead to fluctuations in the financial markets and will create conditions for the volatility of oil and other assets.  …

 Andrei Belousov: Russia needs new economic model

Andrei Belousov: Russia needs new economic model

The Russian economy will show steady economic growth of 4% in 2-3 years. Such an opinion was expressed by the presidential aide Andrei Belousov ahead of the meeting of the Presidium of the Economic Council under the President of …

Medvedev to hold meeting on development of Russian economy

Medvedev to hold meeting on development of Russian economy

Today, Russian Prime Minister Dmitry Medvedev will hold a meeting on sustainable economic development and social stability in 2015, as well as the development of individual sectors of the economy in 2016. The meeting …

 Belousov: oil prices may remain below $40 for long time

Belousov: oil prices may remain below $40 for long time

Russian Presidential Aide Andrey Belousov said that the oil prices may remain under $40 per barrel for quite a long time. “We think there is reason to believe that this may last quite a while,”  RIA …