page 9
Russia’s Finance Ministry did not revise estimates of the federal budget after a number of unfriendly countries had introduced a cap on prices for Russian oil, Finance Minister Anton Siluanov told reporters on Tuesday. …
A strong ruble has played its role for the economy, but now, with companies' revenues falling, it is generally better for the economy, including in terms of investment, to have a somewhat weaker ruble in the range of about 70-80 rubles per …
The Russian Finance Ministry said on Monday it had transferred 10.9 billion rubles, or the equivalent of $159.4 million, to the National Settlement Depository as coupon payments on U.S. dollar-denominated Russian Eurobonds due in 2028. …
The recent weakening of the Russian ruble could be attributed to the fall of global oil prices, Deputy Chairman of the Russian Central Bank Aleksey Zabotkin said on Monday. “There is a deterioration in external conditions, a …
Annual inflation in Russia geared down to 11.98% in November 2022, the Central Bank says on Monday. "Consumer prices hiked by 0.37% in November - by 0.26% with the seasonal adjustment. The incremental growth of prices against …
The Bank of Russia once again decided to keep the key rate at 7.5% per annum, the regulator reported on Friday. "The Bank of Russia Board of Directors decided to keep the key rate at 7.50% per annum. Current consumer prices are …
Russia’s federal budget deficit will total around 2% of GDP in 2022, Russian Finance Minister Anton Siluanov told reporters on Thursday. "Due to major transactions on the financial market underway now, as well as substantial …
Russia’s international reserves amounted to $567.289 bln as of December 1, 2022, which is 3.67% (or $20.095 bln) higher than as of the beginning of November, according to the files released by the Central Bank on Wednesday. As of …
The Federation Council of Russia has approved the federal budget law for 2023 and the planned period of 2024-2025 at its meeting this Wednesday. Russia’s budget expenditures will total 29 trillion rubles ($475.8 bln) in 2023, 29.4 …
Annual inflation in Russia geared down to 12.3% from November 15 to 21 from 12.4% a week earlier, the Ministry of Economic Development says in its price review. "The rise in the prices in the food segment accelerated to 0.14% on …
Special economic measures to ensure financial stability in the sphere of currency regulation have been extended until December 31, 2023, according to the decree of Russian President Vladimir Putin posted on Wednesday. A series of …
The current level of the ruble exchange rate reflects the priority needs of the Russian economy, Central Bank Deputy Governor Alexei Zabotkin said at the International Forum of the Financial University. "The ruble exchange rate is …
The board of directors of the Central Bank of Russia has determined cases in which authorized banks and the state corporation VEB.RF are allowed to export cash in excess of the set limit of $10,000 or equivalent, the regulator said in a …
The decision of the U.S. Department of Commerce to revoke the status of the country with the market economy from Russia as part of its antidumping procedure is biased and purely political, press service of the Russian Ministry of Economic …
Annual inflation in Russia declined to 12.52% as of November 7, the Ministry of Economic Development says in its price review. "Price growth rates continued going down in annual terms and stood at 12.52% year-on-year as of November …
Russian President Vladimir Putin pointed to a stable labor market situation, low unemployment and forecasted a slowdown in inflation, when speaking at a conference on supporting incomes of families with children on Tuesday. "The …
Inflation in Russia will not be above 12-12.4% by the year-end, Minister of Economic Development Maxim Reshetnikov said on Tuesday at the meeting held by President Vladimir Putin. "It will be definitely not above 12.4%. The range …
The recovery of the national economy will last longer than expected earlier, the Bank of Russia says in the monetary policy report released on Tuesday. "The cumulative effect of problems that were secondary in terms of importance …
The baseline scenario for the forecast factored into the Central Bank of Russia's (CBR) monetary policy guidelines still remains the most likely, but the pessimistic scenario has become more realistic recently, Central Bank chief Elvira …
The structural transformation of the Russian economy will last for years, Central Bank Governor Elvira Nabiullina said addressing the State Duma (lower house) on Tuesday, adding that a global crisis would complicate the transformation …
