Kostin expects further key rate cuts
Andrey Kostin expects the Central Bank to continue its gradual rate reduction instead of holding the current level
Russian economy
Russia to slightly cut oil output this year - Novak
Oil production in Russia is currently somewhat lower than the forecast for this year due to the decrease in crude refining, but it will be ramped up as refineries are restored, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the Eastern Economic Forum (EEF).
Investment growth to resume in Russia from 2028 - Reshetnikov
Investments in Russia are forecast to resume growth in 2028, and the current cooling is a natural phase of the cycle, according to the economy minister.
Russia's international reserves increased by 5,6 billion dollars in a week
Russia's international reserves increased by approximately $5.6 billion, bringing the Central Bank's total assets to over $760 billion.
Russia begins importing fuel
Russia has already begun importing fuel to boost supplies on the domestic market, Russian Deputy Prime Minister Alexander Novak said.
Central Bank reveals Russias external debt
Russia’s external debt amounted to $313.83 bln as of July 1, 2026, which is 2.1% (or $6.5 bln) higher than at the beginning of the year, according to data from the Russian Central Bank.
Russia's inflation stabilizing - Reshetnikov
Inflation in Russia has stabilized, Russia's Economic Development Minister Maxim Reshetnikov said in an interview with the Vesti news program.
Switzerland imposes new sanctions against Russia
Swiss authorities have imposed sanctions against Russian companies, as well as individuals and legal entities.
Russia increased non-oil and gas revenues by 18 percent
Russia's budget saw an 18% rise in non‑oil and gas revenues this year, while income from the oil and gas sector declined.
Annual inflation in Russia increases to 59,4 percent
Annual inflation in Russia amounted to 5.94% from July 21 to 27, the Russian Economic Development Ministry reported.
Russia plays significant role in Saudi Arabia's economic development
Saudi Arabia's Ambassador to Moscow, Sami Mohammed Al-Sadhan, spoke about Russia's role in the Kingdom's economic development
Gasoline exports from Russia to be prohibited until the end of the year
The Deputy Prime Minister also announced plans to ban diesel fuel exports
Russian Central Bank cuts key rate to 14 percent per annum
The Bank of Russia has decided to cut its key rate by 25 basis points to 14% per annum, according to the regulator’s press release following its board meeting.
Russia's foreign trade surplus exceeds 14 billion
In May, Russia's foreign trade surplus reached $14.2 billion, growing by nearly $7 billion from the same month last year.
Novak describes Russian fuel market situation as tough
Russia’s fuel market situation remains tough, given summer peak demand and unscheduled oil refinery repairs, Russia's Deputy Prime Minister Alexander Novak at a meeting at the government's situation center.
Dollar rises above 80 rubles for first time since spring
The US dollar has risen to its highest level against the ruble since April, trading near 80 rubles.
Ruble strengthens and stabilizes - Central Bank
Contrary to many expectations, the ruble has been trading within an established range of 75-85 rubles per U.S. dollar, Director of the Monetary Policy Department at the Bank of Russia Andrey Gangan said during the Bank of Russia's Financial Congress.
Russia to launch North-South ITC no matter what - Zakharova
Russia is convinced that the aggravation of the situation in the Middle East will not change the attitude of partners to the launch of the North-South International Transport Corridor (ITC), Russian Foreign Ministry Spokeswoman Maria Zakharova said.
Russia's key rate needs to be lowered - Gref
The Russian economy is already overcooled, it is necessary to lower the key rate, chairman of Sberbank's board of directors Herman Gref said at the annual meeting of Sberbank's shareholders.
Novak gives instructions to ensure priority fuel supplies
The latest meeting on the fuel market situation held by Russia's Deputy Prime Minister Alexander Novak focused on organizing fuel supplies within the framework of northern deliveries, the government's press service said.
