Vasily Yakimkin

page 2

Russia's Cabinet to fill budget at expense of employers

Russia's Cabinet to fill budget at expense of employers

The insurance contribution rate will be increased to 30.8% in Russia from 2019. The corresponding decision was taken by the Russian government, the Economic Development Minister, Aleksey Ulyukayev, said. "I …

Is Russian Central Bank collapsing ruble by trillion?

Is Russian Central Bank collapsing ruble by trillion?

The Central Bank of Russia started its work towards increasing the supply of rubles in the money market, despite the decline in oil prices, which endangers the stability of the exchange rate. In particular, instead of deposit …

Russians have lost faith in ruble

Russians have lost faith in ruble

The Russian Central Bank published the results of a poll conducted by the inFOM company, according to which only 13% of Russians expect that the ruble will strengthen against the dollar within a year - a similar level of pessimism has …

CB RF begins to save Russian banks personally

CB RF begins to save Russian banks personally

Russian Central Bank has introduced a new scheme of redevelopment of Russian banks in order to ‘remedy’ financial institutions through the consolidation foundation of the banking sector. It will allow …

Russia to borrow money for budget from abroad

Russia to borrow money for budget from abroad

It is time for the Government to take foreign loans as a means of budget replenishment in terms of uncertainty of privatization state plans, financial experts at RANEPA Sergey Hestanov and …

 Are retail banks resolving deadlock?

Are retail banks resolving deadlock?

Russian retail banks are getting out from losses, according to their financial statements for the first half of 2016. After writing off trouble loans, which have been issued under the old rules, the banks began to form smaller amount of reserves …

Do Russians trust the ruble?

Do Russians trust the ruble?

The majority of Russians prefer to make savings in rubles. Interest in US dollar decreases, the All-Russian Public Opinion Research Center reports. Today the number of respondents who make savings …

Future of Russian economy is in reforms, experts believe

Future of Russian economy is in reforms, experts believe

The development of the non-oil industry, thus freeing the economic growth of the country from the cost of a barrel of ‘black gold’, as well as the economic reforms that will improve the overall business climate in the country and will …

IMF improves outlook on Russia's economy

IMF improves outlook on Russia's economy

The International Monetary Fund (IMF) has improved the outlook for the Russian economy. In April 2016, the IMF said that Russia’s economy could decline by an additional 1.8% this year, in May it improved its outlook on Russia’s GDP …

 Russians hope that government to help them during crisis

Russians hope that government to help them during crisis

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll to find out the significance of material and financial reserves for Russian people. According to its findings, 66% of respondents did not save …

Bank of Russia predicts decline in inflation

Bank of Russia predicts decline in inflation

The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …

Will Russia create its own offshore zone?

Will Russia create its own offshore zone?

An offshore zone can be established in Russia, the presidential envoy to the Far East Federal District, Deputy Prime Minister Yury Trutnev, said after a meeting of the supervisory board of the Free Port of Vladivostok. …

Russia's economy about to revive

Russia's economy about to revive

The European Bank for Reconstruction and Development predicts the transition of the Russian economy from recession to growth already in 2017. According to experts, recession will continue to last this year in the country, as oil prices …

Ruble falls sharply after holidays

Ruble falls sharply after holidays

Ruble, which previously steadily increased, dropped during today's tradings on the Moscow stock exchange that resumed after a break for May holidays. As of 22:15, the dollar costs 66.6 rubles, rising by 1.97 rubles in a day. …

Did weak ruble disappointed Russian Central Bank?

Did weak ruble disappointed Russian Central Bank?

The weak ruble leads to negative consequences for the Russian economy, chairman of the Bank of Russia Elvira Nabiullina said. She explained that the weak exchange rate of the …

Success in foreign trade strengthens the ruble

Success in foreign trade strengthens the ruble

The ruble has all chancee to continue its strengthening in the near future thanks to the high positive balance of foreign trade, the head of Economic Development Ministry of Russia Alexei Ulyukayev said during today's meeting with the Finnish …

 Is new ruble reduction around the corner?

Is new ruble reduction around the corner?

At the end of last week a change in the number of traders on the currency market, who bet on the growth and fall of the ruble in favor of the latter, was recorded on the Moscow stock exchange. The number of traders oriented to …

Why does Russia need investments in US securities?

Why does Russia need investments in US securities?

Over the period from January 2015 to January 2016, Russia has increased the volume of its investments in securities of the US government by 14.7 billion dollars, from 82.2 billion dollars to 96.9 billion dollars, the monthly report of the US …

19 trillion rubles will revive Russian economy

19 trillion rubles will revive Russian economy

19 trillion rubles need to be allocated in order to revive the economy of Russia and bring it to the level of 2013, presidential adviser Sergei Glazyev said at the IFN CIS Russia Forum 2016. "During the …