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The total deviation of actually received oil and gas revenues from the expected monthly volume and the estimate of the base monthly volume at the end of October 2022 was minus 7.5 billion rubles, the Russian Finance Ministry said on Thursday. …
Russian retail sales fell deeper in September, official data from the state statistics service Rosstat showed on Wednesday. According to Rosstat, Russian retail sales plunged 9.8% in September in year-on-year terms after an 8.8% …
The board of directors of the Bank of Russia has decided to keep the key rate at 7.5% per annum after several reductions, according to a press release published by the regulator following the board meeting on Friday. "On 28 October …
Inflationary expectations for the year ahead among Russian households rose in October to 12.8% from 12.5% in September, the central bank said in a report on Tuesday, just days before it is due to make a decision on its key interest rate. …
Russia will have to use foreign currencies, including the dollar, in respect of goods pegged to global prices, Russian Finance Minister Anton Siluanov said in an interview with RBC. "It will hardly be possible to completely do …
Press Secretary of the President of the Russian Federation Dmitry Peskov said that Russia will have no "vacuum" in trade and economic cooperation with, other countries will fill it. This opinion was expressed on the …
Russia’s government has requested allocating 1 trillion rubles ($16 bln) worth of funds from the National Wealth Fund (NWF) for covering federal budget deficit this year, according to a respective decree by Prime Minister Mikhail Mishustin …
Annual inflation in Russia slowed down to 13.49% from September 27 to August 3 from 13.71% a week earlier, the Russian Ministry of Economic Development says in its price review. "The moderate price increase was registered over the …
Russian President Vladimir Putin has stated that the country is coping with pressure from the West, having promptly implemented protective measures in the economy. According to him, the West’s Blitzkrieg tactics with …
Russia’s consumer inflation will continue slowing in annual terms in coming months but a recovery in consumer demand amid higher lending activity and budget spending will increase inflationary pressure, central bank analysts said on …
Participants in the Eastern Economic Forum (EEF) signed investment agreements totaling more than 3.255 trillion rubles ($52.5 bln) in conclusion of the Forum, Russia’s Deputy Prime Minister Yury Trutnev said at the press conference. …
Russia’s international reserves dropped by $7.2 bln or by 1.3% over the week and amounted to $566.8 bln as of August 26, 2022, the Central Bank said on Thursday. "The amount of international reserves as of …
Russia's GDP in January-June 2022, according to preliminary estimates, decreased by 0.4% in annual terms, according to the Russian State Statistics Service (Rosstat). According to the latest estimate of Rosstat, in the Q2 of 2022, …
Inflation in Russia on August 23-29 slowed to 14.31% in annual terms against 14.6% a week earlier, according to the Ministry of Economic Development. "For the week from August 23 to August 29, deflation was 0.16% after 0.15% for …
The Russian Economic Development Ministry unveiled on Tuesday the scenarios for the development of the Russian economy until 2030. "The Russian Economic Development Ministry, together with industry departments under the leadership …
The shift to payments in national currencies is in full swing, having reached 75% by now, Russian Prime Minister Mikhail Mishustin said at an expanded meeting of the Eurasian Intergovernmental Council on Friday. …
Russia’s international reserves dropped by $6.6 bln or by 1.1% over the week and amounted to $574 bln as of August 19, 2022, the Russian Central Bank said. "The amount of international reserves as of August 19 totaled $574 …
Russia’s international reserves totaled $580.6 bln as of August 12, 2022, up by 1.01% (or $5.8 bln) in one week, the Central Bank reported on Thursday. "International reserves amounted to $580.6 bln as of August 12, up by …
EU member states are becoming increasingly uneasy about Turkey’s booming commerce with Russia and the potential for it to help Moscow as an alternative choice to different European imports and exports, two EU officers advised …
Annual inflation in Russia slowed down to 14.87% from August 9 to 15 from 15.01% a week earlier, the Ministry of Economic Development says in its price review. "The price drop continued over the week from August 9 to 15, 2022 and …
