Russian banks issued interest-free loans worth 50 bln rubles ($698 mln) to businesses to support employment as of May 22, the Economic Development Ministry said in a press release on Friday. Over the week the amount of issued loans increased by 18.3 bln rubles ($255 mln), the ministry said.
As...
Russian authorities confirmed their intention to implement the Open Skies Treaty, the fate of which will be decided at a conference of the member-states, the Russian mission to NATO told TASS on Friday following an emergency meeting of the North Atlantic Council.
The meeting was convened to discuss the United...
Russia’s economy is on track to shrink by 5% in 2020 and the rouble will remain weak as the novel coronavirus pandemic and low oil prices hit home, the economy ministry said on Thursday, as reported by Reuters.
The ministry was revising its outlook for the next three years, presenting...
NATO envoys will discuss the future of the Open Skies treaty on Friday after the United States announced it would quit the 35-nation pact that allows unarmed surveillance flights over member countries, an official of the defense alliance said, Reuters reports.
Senior officials in President Donald Trump’s administration, which says...
Russia’s economy could contract by more than 8% in the second quarter of 2020, central bank governor Elvira Nabiullina said on Friday, adding that the bank would revise its most recent gross domestic product forecast, Reuters reported.
Nabiullina said cutting Russia’s benchmark interest rate by 100 basis points from 5.5%...
The right of the entire business community to terminate lease agreements ahead of schedule without penalty charges will lead to large losses for owners of commercial real estate and for the banking industry, Sberbank CEO Herman Gref wrote in a letter to Deputy Prime Minister and Chief of Staff...
The U.S. Supreme Court on Wednesday blocked the disclosure to a Democratic-led House of Representatives committee of grand jury material redacted by President Donald Trump’s administration from former Special Counsel Robert Mueller’s report documenting Russian interference in the 2016 presidential election.
In a brief order, the justices put on hold...
The United States has blocked a Russia-initiated United Nations Security Council statement condemning interference into Venezuela’s domestic affairs and infringement on its sovereignty, Russia’s First Deputy Permanent Representative to the United Nations Dmitry Polyansky tweeted after the UN Security Council meeting on Venezuela.
According to the Russian diplomat, the text...
Russia's finance ministry continued to place record-high volumes of OFZ bonds on weekly auctions, selling RUB170bn ($2.4bn) worth of federal bonds in three issues to meet a total demand of over RUB230bn ($3.2bn) this week.
As reported by bne IntelliNews, on strong guidance from the Central Bank of Russia (CBR) for...
Russia’s plan to naturalize more foreign citizens seems to be working - in the first quarter of 2020, over 2.5 times more people received Russian citizenship compared to the same period in 2019, RT reports.
In the first three months of the year, more than 161,000 people became Russian citizens....
