Novak explains how 21% rate affected inflation
The results of the increase in the key rate in Russia are already noticeable, Novak shared. The increase in the rate helped to bring down the growing inflation.
Russian economy
UAE butter arrives in Russia
Russia continues to expand its import of butter from foreign countries
Russia starts importing butter from Türkiye
Several days ago, products from Türkiye began to arrive in the country
Deputy Foreign Ministers of Russia and Türkiye discuss economic issues
The meeting of the Deputy Foreign Ministers of Russia and Türkiye focused on cooperation in the field of economy and energy, as well as issues of interaction within the UN.
Russian Central Bank may increase key rate in October
The Bank of Russia may increase its key rate at the meeting of the board of directors in October, the regulator’s Deputy Governor Alexey Zabotkin said. "We admit the possibility of an increase in the rate at the …
Pension in Russia to become 24,000 rubles in 2025
By the end of 2025, the old-age pension is projected to reach 24 thousand rubles. The amount of accruals next year will increase by 7.5%.
Aksakov: Key rate may rise to 20%
The Bank of Russia may raise the key rate to 20% to return to 4% inflation.
Cooling-off period should be introduced for loans due to fraudsters
There is an increase in credit fraud in Russia
Bryansk, Kislovodsk to be connected by direct trains
Trains will run once a week starting on December 18
Kuban harvests almost 12 mln tons of grain
Almost 12 mln tons of grain were harvested in Krasnodar Krai
Russia raises key rate to 19%
According to the decision of the Russian Central Bank's Board of Directors the key rate has been raised from 18% to 19%. In a press release, the Central Bank warns that the rate may be raised again at the next meeting.
Dagestan Muftiate creates expert council on Islamic banking and business
It will deal with issues of Islamic banking and doing business in accordance with Sharia law
Gref: economy overheating peak passes
The peak of overheating in the Russian economy has been passed, though it is too early to speak about completion of this process, Sberbank CEO German …
Russia's Central Bank analysts raise forecasts for key rate
Russia's Central Bank analysts have again raised their forecasts for the average key rate in 2024, this time to 17.1% from the 16.8% they were predicting in July. The 2025 forecast rises to 16.1% from 15%, 2026 to 11.5% from 10.6%, …
State Duma considers ban on entry for migrant families
According to Volodin, responsibility for all aspects of a foreign specialist’s stay in Russia should be borne by the company that invited him
Russian economy growing faster than expected - Mishustin
The Russian economy is growing faster than previously forecast, Russian Prime Minister Mikhail Mishustin said at a meeting with Head of the Federal Tax Service Daniil Egorov. "Our economy continues to grow faster than …
When mass introduction of digital ruble possible in Russia?
If the digital ruble is successfully tested its mass introduction is possible starting July 2025, Russian Central Bank Governor Elvira Nabiullina said. According to her, if everything goes as they plan further on, pilots will be …
Central Bank rejects Turkish rate scenario for Russia
The Bank of Russia will not follow the Turkish scenario and raise the key rate sharply, the regulator’s governor Elvira …
Russia's economy overheating causes rate increase - Central Bank
Russia's Central Bank still assesses the state of the Russian economy as being substantially overheated, Central Bank Governor Elvira …
Russian Сentral Bank's key rate raised to 18%
The Russian Central Bank has raised its key rate to 18%. Previously, it was 16%. The Central Bank of the Russian Federation warned about the need to tighten monetary policy in June.
