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Annual inflation in Russia geared down to 16.19% from June 25 to July 1, compared to 16.22% a week earlier, the Ministry of Economic Development says in its price review. "Prices accelerated over the week from June 25 to July 1, …
UK Foreign Secretary Liz Truss does not exclude seizing the frozen assets of Russian citizens in the United Kingdom and passing them on to Ukraine. "I am supportive of the concept. We are looking at it very closely. The Canadians …
Russia's economy shrank by 4.3% in May year on year after falling by a revised 2.8% in April, the economy ministry said on Thursday. In January through May, the economic growth was 0.5% in year-on-year terms, the ministry said. …
Moody's said that Russia had defaulted on its foreign debt obligations, according to a statement published on the agency’s website on Monday. "On 27 June, holders of Russia's sovereign debt had not received coupon …
The Kremlin does not agree with the statement about alleged default of Russia on foreign debt, Kremlin spokesman Dmitry Peskov said on Monday. "No, we don't agree," Peskov told reporters, when asked the corresponding …
Russia has defaulted on its foreign-currency sovereign debt, Bloomberg reported on Monday. With the grace periods on about $100 million of two Eurobond coupons expiring on Sunday, the default is Russia’s first since …
PPG (owner of Tikkurila) announced its withdrawal from the Russian market, the company said in a statement on its website. "Currently, we continue to make only a minimum amount of sales sufficient to generate enough local currency …
Deflation in Russia on June 11-June 17 amounted to 0.12%, according to the Russian State Statistics Service. A week earlier, deflation in Russia reached the level of 0.14%. Since the beginning of June, consumer prices have …
The State Duma, the lower house of the Russian parliament, has adopted the law providing for legalization of parallel imports in Russia. The lawmakers adopted the document in the second and third readings at once. The law …
The anniversary XXV St. Petersburg International Economic Forum ended in St. Petersburg today. According to Anton Kobyakov, adviser to the President of the Russian Federation, executive secretary of the organizing committee, the …
External conditions have changed for long for Russia, if not forever, Central Bank Governor Elvira Nabiullina said at a session of the St. Petersburg International Economic Forum (SPIEF) on Thursday. "External conditions have …
Monetary policy will retain the necessary disinflationary impact to bring inflation back to its target in 2024, the Bank of Russia said in a statement following a meeting of the Board of Directors. "The Bank of Russia’s …
The Russian economy will be open. This was stated by Russian President Vladimir Putin, durung a meeting with young entrepreneurs at VDNKh on the eve of the St. Petersburg International Economic Forum. He stressed that the closed …
Consumer inflation in Russia slowed to 17.10% in year-on-year terms in May from 17.83% in April, which was its highest level since January 2002, data showed on Wednesday, days before the central bank's rate-setting meeting. The …
For Russia the 2020s will be a period when the country strengthens its economic sovereignty, while the country’s economy will remain committed to international cooperation, Russian President Vladimir Putin said in a statement greeting the …
Russian GDP fell an estimated 3.0% year-on-year in April after growing 1.3% in March, 4.1% in February and 5.6% in January, the Economic Development Ministry said in an economic review. The economy grew an estimated 1.7% year-on-year in …
Russia was judged to have breached the terms on a bond after missing a $1.9 million interest payment, Bloomberg reported on Wednesday, citing a decision by the Credit Derivatives Determinations Committee of the International Swaps and …
Russia recorded flat consumer prices after modest deflation the week before, data showed on Wednesday, ahead of the central bank’s rate-setting meeting scheduled for June 10. Weekly inflation spiked to 2.22% in early March, but …
The experience of payments for Russian gas in rubles has proved convenient both for sellers and buyers, which is why this principle could also be used in case of Eurobond payments, Kremlin Spokesman Dmitry Peskov told reporters on Monday. …
Russia plans to settle its Eurobond obligations using a mechanism similar to the scheme used to pay for Russian gas in rubles, Russian Finance Minister Anton Siluanov said. In order to receive payments, Eurobond holders will have to …
