Russia will spend 25.7 trillion rubles ($391 billion) on carrying out President Vladimir Putin’s expansive promises to overhaul Russia’s economy by the end of his last term in office, according to a new government estimate, News-24.ru reported.
After his inauguration last May, Putin outlined plans to spend at least...
The Central Bank of Russia kept monetary policy rate on hold at 7.75% at its regular meeting on February 8, saying that inflationary pressures are under control despite a recent rise in prices, RIA Novosti reported.
“On 8 February 2019, the Bank of Russia Board of Directors decided to...
The wife of Vladimir Putin’s spokesman and senior Kremlin official Dmitry Peskov, Tatiana Navka, is facing questions over her U.S. tax affairs, The Guardian reported citing documents suggesting she may have failed to declare her true income in the United States.
According to the newspaper, Navka, a former Ice dancing...
The United States Congress will resume talks on new restrictions against Russia on Tuesday, and Russian experts note that the most dangerous scenario for the country is sanctions against state banks, Nezavisimaya Gazeta reports.
As all transactions in dollars are carried out via correspondent accounts in U.S. banks, in case...
The Russian ruble has gained ground on the U.S. dollar and the euro on Monday after this weekend’s decision by global credit rating agency Moody’s to upgrade Russia’s sovereign rating to investment grade Baa3 with a stable outlook, Reuters reported.
The ruble was trading at 65.85 against the greenback at...
The head of Russia’s biggest oil company Rosneft Igor Sechin has written to President Vladimir Putin saying Moscow should pull out of the production cuts deal with OPEC as it is a strategic threat and plays into the hands of the United States, Rossiyskaya Gazeta reported.
Sechin did not...
Japan is hoping to strengthen ties with Russia to ensure the security of energy supply amid growing uncertainties on the global oil market, with sanctions in place against Moscow not seen by Tokyo as an obstacle to boosting cooperation, Japan’s Minister of Economy, Trade, and Industry, Hiroshige Seko, told S&P...
Moody’s Investors Service joined two other credit rating firms in raising Russia’s credit rating to investment grade, Reuters reports.
Moody’s lifted Russia’s rating to Baa3 from Ba1 on Friday, putting the energy giant on par with Italy, South Africa and Hungary. S&P Global Ratings had upgraded the nation from junk...
Trade turnover between Russia and Spain has dropped threefold after the European Union imposed restrictive measures against Russia, Russian Ambassador to Spain Yuri Korchagin told reporters, according to TASS.
"Prior to 2014, our trade turnover reached 11 billion euros ($12.5 billion)," the diplomat said. "According to the data provided by...
German banks want to continue existing business with Russian clients and are lobbying in Washington against new U.S. measures on Russia which would affect their businesses, Reuters reports citing an internal briefing paper prepared by a financial industry lobby group.
Fresh anti-Moscow measures could jeopardize funding for the multi-billion dollar...
