Russian economy

Russia's Central Bank may raise key rate to 18% in July

Russia's Central Bank may raise key rate to 18% in July

The Russian Central Bank's Board of Directors may consider the same options regarding decisions on the key rate it did in June at its meeting in July, director of the Central Bank's monetary policy department Kirill Tremasov said. …

Central Bank: Russia's economy at peak of overheating

Central Bank: Russia's economy at peak of overheating

The Russian economy is currently at the peak of being overheated, head of the Bank of Russia’s monetary policy department Kirill Tremasov said. "I think that the peak of economic overheating is the top point of …

Russia's Central Bank keeps key rate

Russia's Central Bank keeps key rate

The Russian Central Bank has kept its key rate once again, though it holds open the prospect of increasing it at the upcoming meeting, the bank's press service said. "On 7 June 2024, the Bank of Russia Board of …

Gref: Ruble to be stable until year-end

Gref: Ruble to be stable until year-end

According to the Chairmanof Sberbank, the ruble exchange rate will be quite stable in 2024. It is expected that the national currency exchange rate will remain in the range of 90-95 rubles.

Bank of Russia leaves key rate unchanged once again

Bank of Russia leaves key rate unchanged once again

The Bank of Russia has decided to keep the key rate at 16% per annum again. On April 26, 2024, the Bank of Russia Board of Directors decided to keep the key rate at 16% per annum," the statement reads. …

Putin: Key rate to be reduced in Russia

Putin: Key rate to be reduced in Russia

The key rate will decline in Russia, based on economic prerequisites, Vladimir Putin said. Its reduction will also lower interest rates on business loans.

Siluanov: Russia's GDP to exseed IMF forecast in 2024

Siluanov: Russia's GDP to exseed IMF forecast in 2024

Russia's GDP in 2024 is expected to grow at the same rate as in 2023, when it expanded by 3.6%, Russia's Finance Minister Anton Siluanov said. "Russia is careful with the budget balance. Public debt remains at …

Iran and Russia increasing trade turnover

Iran and Russia increasing trade turnover

The value of Iran’s exports to Russia rose 26% in the past Iranian calendar year, which ended on March 19, as compared to the preceding year, official with …

Moscow: Baku is our strategic partner and reliable ally

Moscow: Baku is our strategic partner and reliable ally

Azerbaijan is an important strategic partner, friendly neighbor and reliable ally of Russia, the Russian Embassy in Azerbaijan said in a statement on the occasion of the 32nd anniversary of the establishment of diplomatic relations between …

Russia's Central Bank retains key rate at 16% per annum

Russia's Central Bank retains key rate at 16% per annum

The Bank of Russia once again decided to maintain the key rate at 16% per annum at its second meeting in 2024, the regulator said in its press release. "Current inflationary pressures are gradually easing but remain …

Iran’s export to Russia exceeds $2bln last year

Iran’s export to Russia exceeds $2bln last year

Iran’s export to Russia exceeded $2 billion in 2023, which is a significant increase compared with the preceding years, Iran’s Ambassador to Moscow Kazem Jalali said. The ambassador said the existing difference between the …