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.
Russian economy
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.
No reason to doubt Russian-economic stability - Peskov
Volatility in the oil markets is affecting the Russian economy, but its stability is ensured, the Russian president's spokesman Dmitry Peskov said.
Novak urges to prepare action plan to maintain Russian fuel market
Russia' Deputy Prime Minister Alexander Novak instructed officials to prepare a balanced action plan for fuel supply in its domestic market.
Central Bank of Russia lowered its key rate to 14,25 percent
Today's meeting of the Bank of Russia's Board of Directors concluded with a decision to bring the key rate down to 14.25%.
Russia sees ASEAN countries as reliable allies - Reshetnikov
Russia has increased the volume of imports from ASEAN countries by 70% over the past decade, Russian Economic Development Minister Maxim Reshetnikov said at the plenary session of the Russia-ASEAN Business Forum.
Russia, Iran to unite payment systems in two months
Moscow and Tehran are ready to complete the integration of their payment systems
Situation in Russian economy under control - Putin
Measures taken by the Russian government deliver the planned result and the situation in the economy is under control, Russian President Vladimir Putin said at the meeting with the government.
Russian economy to shift to balanced growth by 2027 - Mishustin
According to Russia's Prime Minister, a new investment phase for the national economy will launch next year, and that the economy must transition to sustainable growth.
Government to allocate over 2 bln rubles for school repairs following floods in Dagestan
Restoration of the 36 most damaged facilities will cost the Russian government's reserve fund nearly 2,06 bln rubles
Nearly 16,000 hectares of crops damaged by hail in Stavropol Krai
It is difficult to determine the damage yet due to ongoing heavy rains
European Commission raises Russia's GDP growth forecast
The European Commission raised its forecast for Russia’s GDP growth in 2026 from 1.1% to 1.3%, according to the EC’s spring economic forecast.
Russias international reserves up 135 bln dollars in week
Russia’s international reserves increased by $13.5 bln in one week to $771 bln as of May 8, 2026, the Russian Central Bank reported.
Dollar rate slides toward 70 rubles
The dollar exchange rate fell sharply on 13 May, dropping below 73 rubles to 72.975 - its lowest level in three years.
Global inflation to accelerate due to Middle East crisis - Nabiullina
The conflict in the Middle East remains the factor of uncertainty and will lead to inflation acceleration globally under the base case forecast of the Bank of Russia, Central Bank chief Elvira Nabiullina said at the press conference after the Board meeting.
