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.
Russian economy
Ilham Aliyev: development of relations between Russia and Azerbaijan is extremely important
The interaction between Baku and Moscow is proceeding in a completely problem-free manner
Putin urges to use digital ruble more widely
Russian President Vladimir Putin said he believes it is necessary to use the digital ruble more widely in the country's economy. "Now we need to take the next step, namely to move to a broader, full-scale …
Non-cash payments system to be expanded across North Caucasus
Cashless payments should be freely available in the North Caucasus Federal District
Russian Central Bank to revise inflation and key rate forecasts
Russian Central Bank’s inflation outlook for this year to be revised — advisor to governor The Russian Central Bank’s inflation outlook for this year will obviously be revised, Advisor to the regulator’s …
All Russia's regions could introduce tourist tax
Starting next year, Russian regions may be given the right to collect a tourist tax, Russia's Deputy Minister of Economic Development Dmitry Vakhrukov said. "It is proposed to grant all regions of the country the right, …
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
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 …
Kuban to produce fuel of EURO-5 standard
The EURO-5 fuel will be produced in the Krasnodar Territory. Production will be established at the Afipsky oil refinery.
Putin: Russia remains a global trade partner despite sanctions
Russia is developing the geography of its international cooperation, Russian President Vladimir Putin said at the 27th St Petersburg International Economic …
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
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.
Rostov region shows increase in industrial production by 115%
Don enterprises surprise with their production growth rates again. In just 4 months of the current year 2024, it grew by 115%, showing serious progress in leading industries.
Stavropol families with many children to get preferential loans
The authorities of the Stavropol Territory have developed a preferential loan
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
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
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
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 …
Russia's Central Bank “freezes” key rate until year end
The Bank of Russia may shift to reduction of the key rate in the second half of 2024 if inflation continues slowing down stably, the regulator’s Governor Elvira Nabiullina said addressing the State Duma. "If …
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 …
