Sanctions lose influence on Russian economy
According to Former Minister of Finance of Russia, Chairman of the Committee of Civil Initiatives Aleksey Kudrin, the impact of sanctions on the Russian economy has gradually reduced, noting that …
Yuri Yudenkov
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Has Kiev allowed itself not to pay on its debts?
The Verkhovna Rada has lifted temporary restrictions from its moratorium on the payment of Ukraine's foreign debt, including a $3 billion debt to the Russian Federation. According to an explanatory note to the relevant draft law, 242 deputies …
Golodets: expensive loans stifle Russian economy
Excessively high lending rates have a restraining influence on the development of the Russian economy, the Deputy Prime Minister of Russia, Olga Golodets, said. "Probably, today it is difficult to find any man who …
Will deflation replace inflation in Russia?
The effect of the devaluation of the ruble has exhausted itself. This is confirmed by the decrease in the average daily rate of inflation from 0,031% in January to 0.021% in February this year, the report Sberbank CIB analysts reports. …
All conditions created to reduce interest rate of RF Central Bank
A decision to reduce the key rate by 0.5% may be taken on Friday at the upcoming meeting of the Board of Directors of the Russian Central Bank, the head of VTB Andrey Kostin said. He explained that the strengthening of the …
Russia's losses from sanctions and cheap oil calculated
Russia's losses will reach about $ 600 billion due to financial sanctions and a sharp drop in oil prices over the period from 2014 to 2017, analysts of the Economic Expert Group, Evsei Gurvich and Ilya …
Russians owe banks 1.15 trillion rubles
Last year, rates of borrowers' payment discipline seriously deteriorated in Russia. According to the United Credit Bureau, overdue loans increased by 48% to 1.15 trillion rubles in December 2015. The share of overdue loans …
Dollar overcomes level of 80 rubles
The ruble set a new anti-record. As of 11:15 am, the dollar increased by 1.46 rubles on the Moscow exchange and was worth 80.02 rubles, the euro rose 1.95 rubles and was worth 87.67 rubles. Later, the rates have …
Dvorkovich speaks about 'relatively successful' implementation of anti-crisis plan
The Russian government managed to successfully implement the anti-crisis plan, Russian Deputy Prime Minister Arkady Dvorkovich said in an interview to the 'Russia 24' television channel. "It was impossible to completely avoid the economic decline, however, it was lower than in 2009, so the overall implementation of the anti-crisis plan was relatively successful," RIA Novosti cited him as saying.
Russian Central Bank leaves its key interest rate unchanged
The Board of Directors of the Russian Central Bank left its benchmark interest rate unchanged at 11%. "The Board of Directors of the Russian Central Bank on December 11, 2015 decided to keep the key rate level at 11% per …
Elvira Nabiullina talks about risks in 2016
The head of the Central Bank of the Russian Federation, Elvira Nabiullina, told about the key threats and factors of stability, which will influence the Russian economy in the next year. She stressed that the volatility of …
Russia to support its investors and entrepreneurs
The Russian government discussed amendments for the second reading of the draft budget for 2016 at a meeting on Wednesday. "Today we need to decide what kind of amendments will be ...
Central Bank of Russia keeps key interest rate at 11%
The Board of Directors of the Russian Central Bank decided to keep its key rate at 11% on the results of its meeting today. The Bank decided not to change the key rate taking into consideration significant inflationary risks, which …
Russia needs to prepare for new sanctions
The Western sanctions against Russia were introduced for a long time, Russian Deputy Foreign Ministry Sergei Ryabkov said at the sidelines of the Russian Arms Expo - 2015 (RAE-2015). "We should proceed from the premise that …
Ruble falls to half-year low
This morning, the dollar increased by 0.75 rubles and was worth 65.03 rubles, the euro rose 1.02 rubles and was worth 72.07 rubles at the Moscow Exchange. The euro rose above 72 rubles for the first time since February 24, and the dollar rose …
Russian Central Bank cuts key rate to 11%
The Central Bank of Russia (CBR) has cut the key interest rate from 11.5% to 11%. According to the press service of the Central Bank, the Board of Directors of the Central Bank has lowered the rate, since the balance of risks was shifting towards ...
