Assistant to the Russian president Andrei Belousov believes that potential for further easing of the Russian Central Bank's monetary policy after several consecutive cuts in the key rate remains quite high. According to him, …
Russia’s consumer price inflation will be significantly lower than the official forecast of 3.8% in 2019, Economic Development Minister Maxim Oreshkin said. "We see that inflation will be significantly lower …
The Nord Stream 2 pipeline will be put under sanctions by Washington, U.S. Secretary of Energy Rick Perry said. The politician noted that the U.S. administration could prepare a bill providing for restrictions on …
First Deputy Chairman of Russia’s Central Bank Dmitry Tulin said that about three-quarters of its plan to clean up the banking system are completed. According to Tulin, Russia’s central bank does not …
The trade turnover between Russia and the United States in January-March totaled $5977 billion, amounting to an increase of 24%, the Russian Federal Customs Service said. Exports from Russia to the U.S. amounted to $2.686 billion, …
Morgan Stanley is planning to send a formal notice to the Russian central bank in the first quarter of 2019 that it will close down its banking operations in the country in the first quarter of 2020, its Russian unit said in its annual …
The board of directors of Russia's Central Bank held its key interest rate at 7.75% today in line with market expectations, but said it could consider cutting rates as early as June. "If the situation develops in line with …
The U.S. dollar exchange rate against a basket of major currencies may drop by 6% by the end of 2019, according to Morgan Stanley experts. They expect the U.S. currency will depreciate because of the U.S .economic slowdown and the Federal …
The board of directors of the Bank of Russia decided to keep the key rate at 7.75% per annum, the regulator said in a press release following the board meeting on Friday. "If the situation develops in line with the baseline …
The Russians scored a record number of loans in 2018. The average debt burden of Russian families increased from 22% to 27%. Russian people's current total debt is 14.86 trillion rubles. According to the …
The size of Russia’s shadow economy was equal to 20% of the GDP in 2018, according to the Rosfinmonitoring state financial watchdog. The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income …
Cutting Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) international banking network would hit the global financial system in the first place, head of the State Duma’s …
The U.S. national debt for the first time ever crossed the $22 trillion mark, Treasury Department data revealed, noting that the latest figure represents a jump of more than $30 billion from where the balance stood at the beginning of …
The share of small and medium-sized enterprises (SMEs) in Russia's economy is 21.9%, according to data from the Rosstat statistics service. Earlier, Rosstat and the Ministry of Economic Development conducted analyses of …
Russia's Federal Antimonopoly Service intends to obtain a legal basis for accessing financial information on bank accounts, deputy head of FAS Anti-Cartel Department Dmitry Artyushenko said. He stressed that …
The United States is among the top three investors in Russia's new projects for the past year, Chief Executive Officer of Russian Direct Investment Fund Kirill Dmitriev said at the World Economic Forum in Davos. …
Russian Prime Minister Dmitry Medvedev said at the 10th Gaidar forum that the United States itself constantly feeds the de-dollarization idea with its actions. "We are still dealing with the so-called …
The dollar and euro exchange rates are getting closer to the psychological level of 70 and 80 rubles, respectively. The dollar exchange rate increased to 69.42 rubles at the Moscow Exchange from 68.77 rubles, as of 12:10 Moscow …
Russia is ready to cut oil output by 200,000 barrels per day. Russia is ready to cut oil output by 200,000 bpd if OPEC offers to cut more than 1 million bpd, Reuters reported. On December 6, OPEC ministers discussed the oil …
Russia's economic situation reminds me of the era of post-war stagnation, Russian Accounts Chamber Chairman Alexei Kudrin said today. "For the last 10 years we have been living with a growth rate of 1%. …
