Vasily Yakimkin

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Russians await 84 rubles a dollar

Russians await 84 rubles a dollar

The majority of Russians expect a depreciation of the ruble at the end of spring, during which the value of the dollar will reach 84 rubles, the survey conducted by the All-Russian Public Opinion Research Center in late February reports. At the same ...

Is ruble on the rise?

Is ruble on the rise?

The ruble is growing significantly against the background of rebound in oil prices, which are fixed above the level of 31 dollars per barrel of Brent brand. The dollar dropped below the psychologically important level of 80 rubles, even though …

Experts on results of this year for Russian economy

Experts on results of this year for Russian economy

Today we are summing up the results of the year in the Russian economy, which tried to recover from the consequences of currency, oil and systemic crises in 2015. Russia has passed the peak of the crisis. It is …

Has Ukraine doomed itself to default?

Has Ukraine doomed itself to default?

Ukrainian Prime Minister Arseniy Yatsenyuk said that the government has imposed moratorium on payment of the debt to Russia, the deadline of which will expire on 20 December. "Due to the fact that Russia has …

Has Moody's believed in Russia?

Has Moody's believed in Russia?

Today the international rating agency Moody's was the first of the 'big three' rating agencies that improved the prognosis for government bonds in Russia from 'negative' to 'stable', affirming their rating at the …

One year since rouble’s floating rate

One year since rouble’s floating rate

A year ago, the Central Bank of Russia decided to start using a floating exchange rate. Summing up the results of the development of the Russian economy over the past 12 months, Bloomberg analysts …

Ruble defeats autumn depression

Ruble defeats autumn depression

Contrary to the fears of experts about the heavy fall for the Russian national currency, in September the ruble managed to hold above the strip of 70 rubles per dollar, and in October it started to rise. In particular, today the dollar exchange …

Russia to protect itself from crisis with 'airbag'

Russia to protect itself from crisis with 'airbag'

The government of Russia is considering the creation of a special anti-crisis reserve for the next year. "Now we are discussing the creation of an anti-crisis financial reserve," Gazeta.ru cited a federal official as saying. …

Volatility of ruble to last for a long time

Volatility of ruble to last for a long time

Over the next few years, the Russian national currency will demonstrate a high level of volatility. This statement was made by the head of Sberbank German Gref on the sidelines of the East Economic …

Ruble continues prolonged drop

Ruble continues prolonged drop

Today, at the beginning of trading on the Moscow stock exchange, the US dollar and euro slightly dropped, the ruble slightly gained against the bi-currency basket against the backgroud of a corrective upward bounce in world oil prices, but then continued to fall …

Russia creating national rating agency

Russia creating national rating agency

The Russian Central Bank has supported the establishment of a national rating agency following a meeting with financial market participants. The participants of the meeting expressed the view that Russian market needs a strong credit …

Year of anti-Russian sanctions

Year of anti-Russian sanctions

It has passed a year since the imposing of the Western sanctions against Russia.   A year ago the United States imposed an embargo on new loans for Russian state-owned banks and state-owned companies, as well …