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Russia's central bank said that it had put Promsvyazbank under temporary administration as part of a bailout plan. The central bank said in a statement it was providing funds to support Promsvyazbank’s liquidity and would send …
Bitcoin exchange rate soared more than 23%, smashing through the $18,000 benchmark for the first time ever, according to the data from Coinmarketcap. The exchange rate surge over the past day amounted to $4,000. On …
Russia's Central Bank will add more than 120 managers of Otkritie Bank to its blacklist. According to the source, other employees may be included in the list. "The decision was made and brought to the attention …
Russia's government finally abandoned the idea of compulsory transfer of companies from offshore to domestic jurisdiction, according to a source familiar with the corresponding report of First Deputy Prime Minister Igor …
Russian Economic Development Minister Maxim Oreshkin compared the current situation in Russia's economy with the state of affairs in the US economy in the first half of the 1980s. According to him, low and steady …
Russians believe that the most serious problems that the country faces now are connected with low salaries and living standards, the state of economy and the current social policy, a survey conducted by the Russian Public Opinion Research Center …
Business confidence in Russia's economy has reached a maximum level over the past two years, according to the survey of the Ernst & Young (EY), multinational professional services firm headquartered in London. "The survey …
A number of Russian banks are ready to follow the eight largest banks that have declared their readiness to withdraw from the Association of Russian Banks (ARB). "Those who disagreed with a policy of the head of the ARB Garegin …
US Federal Reserve's Open Market Committee (FOMC) kept interest rates unchanged, while at the past committee's meeting in mid-June the target rate was raised to 1-1.25% from 0.75-1.0%. The Fed also raised the rate in March, …
The declining role of foreign currency in Russia's economy is "a sign of a growing ruble', the Director of the Bank of Russia Monetary Policy Department, Igor Dmitriev, said. "Try to remember when you …
The Russian banking sector's profits in the first half of this year exceeded 750 billion rubles, which is a historic high for the Russian Federation, according to the Bank of Russia's information and analytical material for the …
The capital outflow from Russia recorded by analysts is a situational process, presidential press secretary Dmitry Peskov said. "We continue believing that some volatility is always possible: capital smoothly comes …
Vast majority of Russians believe that only the state should establish and regulate food prices, annual issue of "Russian Monitoring of Economic Situation and Population Health", conducted by the Higher School of Economics, says. …
Today the US currency during the trading process at the Moscow Stock Exchange has crossed its psychological barrier of 60 rubles for the first time since February 2017. The cost of the euro has crossed the barrier of 67 rubles for the first …
The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …
The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll, according to which results, the majority of Russians (52%) believe that now it is better to deposit available funds into a bank account (41% of Russians …
Russian President Vladimir Putin signed a law on the division of banks according to the list of permitted operations, depending on their license. The document was posted yesterday on the official web portal of legal information. …
For the first day, the Russians bought government federal bonds for individuals - 'people's bonds' - in the amount of 696.8 million rubles, the Russian Ministry of Finance said. "The placed volume is 696,807 million …
More than two-thirds of Russians (70%) do not plan to open a "Mir" payment card, according to a poll conducted by the Russia Public Opinion Research Center (VCIOM). Only 20% of Russians plan to get the card, 3% already have …
US President President Donald Trump believes the US dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. Trump, in an interview with The Wall Street Journal, said …
