Russian economy

Bank of Russia reduces key rate to 16%

The Bank of Russia slashed the key rate by 50 basis points to 16% per annum for the fifth time in a row amid the decline in current price growth rates but highlighted increased inflation expectations.

Russia's gold reserves up by $112bln

Russia's gold reserves have increased by $112 billion in just one year, thanks to rising prices for the precious metal, according to the Bank of Russia data.

State Duma passes draft federal budget

Russia’s State Duma has adopted the draft federal budget for 2026 and the planning period of 2027-2028 in its third and final reading.

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