Novak predicts key rate cut
The high key rate of the Bank of Russia is temporary and the current monetary policy will soften next to inflation downward trend, Russian Deputy Prime Minister Alexander Novak said at the Caucasus Investment Forum.
Russian economy
What are risks of economic overcooling in Russia?
The current situation points to risks of overcooling in the Russian economy, while inflation is slowing down, Russia's Economic Development Minister Maxim Reshetnikov said during a meeting of the State Duma Committee on Budget and Taxes on …
India increases Russian oil purchases to record highs
India is increasing its imports of Russian oil amid a reduction in supplies to China
VTB: Dollar at 100 rubles expected by end of 2025
By the end of 2025, the dollar exchange rate may rise to 100 rubles per USD again. VTB is targeting "three-digit" figures.
EU increases oil imports from Russia in February to almost 600 million euros
The second month of the year was successful for Russian oil exports to Europe, with EU countries purchasing oil worth almost 600 million euros.
Mishustin: Moscow and Astana work systematically on North-South corridor development
Mikhail Mishustin held a meeting with Kazakh Prime Minister Olzhas Bektenov, during which the parties discussed the prospects for cooperation between the two countries in the field of economy and trade.
Russian ruble becomes world’s top-performing currency
The Russian ruble has become the world's most profitable currency due to the U.S. dollar weakening, Bloomberg reported, citing economists. …
Russia's international reserves reach new high
Russia's international reserves have increased, setting a new historical high. As of April 4, they amounted to $658 billion, the Central Bank reports.
Cashless payments share reaches 86% in Russia - Nabiullina
The share of cashless payments in Russia has now reached 86%, according to Governor of the Bank of Russia Elvira Nabiullina. "We are …
Peskov reveals how Trump's tariffs may affect Russia
Russia is unlikely to experience any positive effects from the U.S. tariffs, as the turmoil in the global economy will require careful actions from Russia, Kremlin …
State Duma assesses US tariffs
The new US tariffs have come as a shock to European countries, while for Russia, they have confirmed the correctness of its course, State Duma Deputy Slutsky said.
Russia's Central Bank says key rate hike possible
The Russian Central Bank does not rule out raising the key rate if the slowdown in inflation does not proceed at the expected pace, Deputy …
Nabiullina: likelihood of key rate hike in future decreases
The Russian Central Bank does not rule out the possibility of raising the key rate if the pace and sustainability of the fall in …
Bank of Russia keeps key rate at 21%
The Bank of Russia has decided to keep the key rate at 21% per annum for the third meeting in a row. "On March 21, 2025, the Bank of Russia Board of Directors decided to keep the key rate at 21% per annum," the …
Kuban pharmaceutical production grows
Krasnodar pharmaceutical companies increased the production of pharmaceutical and medical products by 40% in January 2025
1st Bread Congress to be held in Stavropol
Specialists from the Southern and North Caucasian Federal Districts will attend the event
Mishustin reports Russia's economic growth above expectations
Inflation in Russia totaled 9.52% in 2024 but annual growth rates of this indicator are declining for the sixth month in a row, Russian Prime Minister Mikhail Mishustin said at the meeting with President Vladimir Putin. The head of …
Broccoli,Chinese cabbage from Dagestan exported to Russian regions
Dagestan has become the leader among Russian regions in cabbage cultivation
Russia sets record for gas supplies to Europe
Russia continues to fulfill its obligations to supply natural gas to Europe
Russia-Azerbaijan trade turnover rises by 10% in year
Trade turnover between Russia and Azerbaijan reached $4.749 billion in 2024, according to the State Customs Committee of Azerbaijan. In 2023, …
