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The head of VTB Andrey Kostin believes that sanctions against Russia will operate for about two years, he stated about this at the forum in Davos. "The improvement will happen for a number of reasons, we have a …
Central Bank of Russia does not see the emergence of systematic risks for the banking system. According to the Deputy Chairman of Central Bank, Vasily Pozdyshev, the situation is difficult, but it can be controlled, that is why …
The deputies of the State Duma of the sixth convocation must create a legal framework that will be the basis for future economic growth, the chairman of the lower house of parliament Sergey Naryshkin stated during the …
The ruble has overcome the level of 79 rubles per dollar and 86 rubles per euro on the Moscow stock exchange today. As of 15:48 Moscow time, the dollar now stands at 79.005 rubles and the euro reached 86.057 rubles. …
The Russian Ministry of Economic Development has revised its macroeconomic forecast for the current year, envisaging an average annual oil price not at 50 dollars, as in the current base scenario, but at 40 dollars. In this variant, Russia's …
Russian Prime Minister Dmitry Medvedev stated at a meeting of the government that, considering the economic situation, an increase in wage arrears is possible. According to him, "the total wage arrears remained …
A former Finance Minister of Russia, the head of the Committee of Civil Initiatives (CGI) Alexey Kudrin, has said that a 10% budget cut in 2016 would be an optimistic prognosis. Budget cuts cannot be avoided this year due …
A repetition of the hyperinflation in 1998 is impossible now, since the situation in Russia is radically different from the old reality, the First Deputy Chairman of the Russian State Duma, Alexander Zhukov, said at the Gaidar …
Russia's budget must be agreed with the current economic situation, otherwise spontaneous "adjustment" may negatively affect the population through high inflation, as it happened in 1998 Russian financial crisis, Russian Finance …
"Oil prices are very tightly bound to the Federal Reserve policy. All key trends are related to further reduction. The dollar is most likely to strengthen. The Federal Reserve will tighten its policy," Russia's Sberbank CEO …
Russian President Vladimir Putin has approved the law on the federal budget for 2016. Due to the high volatility on the financial and commodity markets, the annual budget has been adopted for one year, instead of three years as it was earlier. The ...
Russia's Deputy Finance Minister Maxim Oreshkin said that the overall economy has adapted to $ 40 per barrel, therefore there is no reason to expect 100 rubles per dollar. According to him, the ministry saw the oil …
Sberbank CEO German Gref said that the Russian economy will be in a recession in 2016. "The economy will be in a recession in 2016. If there is no new turn in terms of the reforms, the economy will …
Russian Deputy Prime Minister Arkady Dvorkovich said at the ENES-2015 forum that the risks of oil production decline in Russia remain. "Further risks exist. We are discussing them, nevertheless, we have clearly …
The Deputy Chairman of the Executive Board of Sberbank, Bella Zlatkis, commented on the situation in the Russian banking system. According to her, "there is hardly a person who says that the banking system is …
Today the US currency during the trading process at the Moscow Stock Exchange has crossed its psychological barrier of 65 rubles for the first time since October 6th. The ruble fell against …
Russia has overcome the crisis peak in the economy. This statement was made by President Vladimir Putin at a meeting of the discussion club Valdai. He added that inflation is …
The economy of Karachay-Cherkessia is developing in parallel with the nationwide economy. It corresponds to the current macroeconomic processes that Vladimir Putin mentioned at ...
The head of VTB, Andrey Kostin, said at the Russia Calling Investment forum, that there is no crisis in the country, but "the situation, including in the financial sector, is not easy." He believes that only …
The Russian Ministry of Economic Development has published a new prediction of the economic situation for the next three years (2016-2018). According to the Ministry, the incomes of Russians in 2018 will be below the level of 2014. The experts ...
