The Bank of Russia does not consider prudent to completely abandon the dollar in international reserves, department director Alexei Zabotkin said in the State Duma today. "From my personal point of view, …
Russia's next economic crisis may erupt in the next year and a half, according to experts of the Centre for Business Tendencies Studies at ISSEK NRU HSE. "If the trade war between the two largest economies in the …
Russia's finance ministry said it will issue 100 billion rubles ($1.52 billion) worth of new ruble-denominated OFZ treasury bonds maturing in July, 2022. New OFZ treasury bonds are expected to be available on August 21. …
The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.25% per annum. "Inflation slowdown is continuing. At the same time, inflation expectations remain elevated. Russian economy’s growth …
Seventy nine percent of entrepreneurs believe that there are unfavorable conditions for doing business in Russia now, according to the results of the poll conducted by the All-Russian Public Opinion Research Center (VCIOM). The poll …
The board of directors of Russia's Central Bank has cut its key rate by 25 bp to 7.5% per annum, for the first time since March 2018, the regulator said in a press release. "Annual inflation slowdown is continuing. In May, …
Russian Deputy Prime Minister Tatyana Golikova said that about 15 million Russian people are employed in the shadow economy. "According to the latest data, their number reached 15 million people," TASS cited …
Russian First Deputy Prime Minister and Finance Minister Anton Siluanov believes that Russian business does not want to see positive changes in public administration and the economy, and, having record profits, believes that …
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, …
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 …
Russian Central bank's first deputy chairperson Ksenia Yudayeva said that the Russian currency market demonstrated the most calm reaction compared to all others emerging markets. "There was a rather strong …
Global Head of Debt Capital Markets at VTB Capital Andrey Solovyev said investors from the United Kingdom, the United States and Russia were the main buyers of dollar-denominated and euro-denominated Russian Eurobonds. …
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 …
Various restrictions, including economic sanctions, introduced by other countries cost Russia $6.3 billion by late 2018, according to the estimates presented by the Russian Economic Development Ministry. These restrictions include …
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 negative factors causing the decline in the population's real incomes last year by 0.2% mainly affected wealthy people, according to the Russian Economic Development Ministry's report. These are …
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 …
Instant Payment System (IPS) is to be launched in Russia on January 28, 2019, Director of the National Payment System Department of the Bank of Russia Alla Bakina said at the system's presentation. Bakina noted …
Russia's economy should be ready for any scenarios, Russian Central bank's first deputy chairperson Ksenia Yudayeva said at the Gaidar Forum in Moscow. "We believe that we should be ready for any scenarios, …
