Nabiullina calls a step back focus on China's experience
The Central Bank is skeptical about the idea of following China’s experience in strictly regulating financial markets
Russian economy
Russian central bank proactively hikes key rate
Russia's Central Bank decided at its board of directors meeting on Friday to raise its key interest rate by 100 basis points to 13%. The Central Bank said that inflationary pressure in the Russian economy remains high. The …
Russia cashes in on reducing oil exports
Russian oil-export revenues rose to a 10-month high in August, according to the International Energy Agency. Russia received $17.1 billion last month from overseas supplies of crude oil and petroleum products, $1.8 bln more than in …
Russia's economy hampered by low unemployment, minister says
The Ministry of Economic Development considers low unemployment in the Russian Federation to be a negative factor that slows down the economy
Russian Central Bank considers rising of key rate
The Central Bank of the Russian Federation does not rule out raising the key rate due to the growth of pro-inflationary risks
Russia, Azerbaijan strengthen ties in economy, tourism
The authorities of Azerbaijan and Russia are preparing "road maps" to strengthen and intensify bilateral cooperation in the field of economy and tourism
Bank of Russia does not rule out additional key rate hike
The Bank of Russia does not rule out an additional increase in the key rate in case of stronger pro-inflationary risks, the press service of the regulator said. The …
Putin speaks about Russian economy's future
The Head of State predicted the growth of the Russian economy. According to him, one of the indicators of business activity is bank lending.
IMF: Black Sea deal's end to make grain "gold"
After the termination of the grain deal, the cost of food will naturally increase. This forecast was given by the International Monetary Fund (IMF).
Russia's budget deficit to reach 2-2.5% of GDP in 2023
Russia's federal budget deficit could exceed the planned 2% of GDP this year, Russian Finance Minister Anton Siluanov said. "Right now the size of the deficit is approximately at the level that we factored into …
Bank of Russia sharply increases key rate
Russia’s Central Bank has sharply increased its key rate by 1 percentage point to 8.5% per annum, noting reinforced inflationary pressure in the economy. "On 21 July 2023, the Bank of Russia Board of Directors …
Russia external debt lowest in 16.5 years
For the moment, Russia external debt has fallen to its lowest level since the end of 2006
Ruble drops to 93 against dollar
The Central Bank of Russia raised the dollar on July 7 to 92.57 rubles
Nabiullina comments on ruble's weakening
Central Bank chief Elvira Nabiullina said that the ruble's current weakening is explained in large part by foreign trade, but attempts …
Inflation in Russia not to exceed 5% in 2023
Inflation in Russia stood at 3.4% as of early July, Russian Prime Minister Mikhail Mishustin said at a meeting with President Vladimir Putin, …
Dollar exchange rate for Friday
According to the Central Bank of the Russian Federation, on Friday, the cost of dollar will amount to 87.0341 rubles, the euro - 95.1052 rubles
Why ruble continues to weaken?
The Russian ruble continued to decline against major currencies on the Moscow Exchange on Thursday. The dollar is trading at the level of 87 rubles, the …
Bank of Russia forecasts GDP growth
The Bank of Russia forecasts high growth rate of the national GDP in the second quarter of this year, department director of the Central Bank Kirill Tremasov said. "If we look at polls of enterprises we are holding, …
Putin: Russia ensuring immunity to sanctions
Russia and Belarus are endeavoring to support resilience of their economies and develop cooperation in conditions of sanctions, President of Russia Vladimir Putin said. "Russia and Belarus are doing their best to …
Russia increases international reserves by $1.8 bln
According to the Russian Central Bank data, as of June 9, the volume of Russia's international reserves amounted to $585.7 bln
