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There is a banking crisis in Russia. The Commissioner for Protection of the Rights of Entrepreneurs under the President of Russia, Boris Titov, stated this today at a round table organized by the Russian National Committee of the …
A year ago, the Central Bank of Russia decided to start using a floating exchange rate. Summing up the results of the development of the Russian economy over the past 12 months, Bloomberg analysts …
Contrary to the fears of experts about the heavy fall for the Russian national currency, in September the ruble managed to hold above the strip of 70 rubles per dollar, and in October it started to rise. In particular, today the dollar exchange …
Russian national currency may fall again in the next few days, surpassing the mark of 70 rubles per dollar. Such a scenario would be real if the US Federal Reserve System will decide to raise its key rate from zero. The increase of the …
The Board of Directors of the Russian Central Bank has decided to maintain its key rate at 11% at today's meeting. The country's financial regulator explained its decision with the fact that currently there is an increase in …
The chairman of the board of the National Currency Association (NCA), Dmitry Piskulov, spoke about the factors influencing the decline of the ruble. The analyst considers that one of the main reasons is the reduction of the Russian economy. …
Experts don’t rule out exchange restrictions
By the end of this year the dollar and the euro may be equal to each other, experts of Goldman Sachs and Bank of America predict. They believe that in December the common currency of the European Union will cost 0.95 dollars. At the …
The ruble exchange rate is continuing its fall. As of 10:05 on the Moscow stock exchange dollar went up by 1.47 rubles, and now stands at 70.58 rubles. The euro reached a level of 80.80 rubles, adding 2.16 rubles since the …
This morning, the dollar increased by 0.75 rubles and was worth 65.03 rubles, the euro rose 1.02 rubles and was worth 72.07 rubles at the Moscow Exchange. The euro rose above 72 rubles for the first time since February 24, and the dollar rose …
Greek Finance Minister Yanis Varoufakis said that the country will not pay 1.6 billion euros of debt to the IMF, which means a default for the country. Vladimir Olenchenko, senior fellow of the MGIMO Center for European Studies, noted that the issue should be considered through the prism of statements of top leaders. IMF Chief Christine Lagarde, he reminds, sees no point in the Greek referendum because the terms of payments expire today, while German Chancellor Angela Merkel is still open to discussions after the referendum, and Greek Prime Minister Alexis Tsipras denied raising the issue of a euro exit.
The European Union has extended economic sanctions against Russia for another six months, a source in the European External Action Services said.
