The Bank of Russia’s resumption of foreign exchange purchases has already been priced in by the market so these operations should not change the market’s balance, the head of the central bank’s monetary policy department Alexei Zabotkin has said, according to Rossiyskaya Gazeta.
The top central bank said in an...
Three Russian companies have cut ties to a sanctioned oligarch and will no longer be under U.S. sanctions themselves, Treasury Secretary Steven Mnuchin said Thursday, according to The New York Times.
Mnuchin appeared before the House of Representatives, where a number of Democrats have tried to get the Trump...
Russia is planning to introduce an electronic visa regime by 2021 in a bid to boost tourism, RBC reports. Five regions in Russia’s Far East currently offer free week-long e-visas for business and tourist travelers.
President Vladimir Putin has tasked the government to increase tourism revenue to $15.5 billion by...
Russia’s central bank dumped $101 billion in U.S. holdings from its reserves, shifting to euros and yuan since last spring amid a new round of U.S. sanctions, Rossiyskaya Gazeta reports.
The Bank of Russia moved the equivalent of $44 billion each into the European and Chinese currencies in the...
Russian experts have said that a negative forecast concerning Russia’s economy in 2019 by the World Bank has “ruined the beginning of the year” for Russians, Nezavisimaya Gazeta reports.
The global financial organization significantly decreased its prediction for Russia’s economic growth, putting the figure of GDP growth this year...
Tighter Cypriot anti-money laundering rules combined with U.S. sanctions have led Russian businesses to take their money away from the country’s banks, with their deposits dropping some 70% in the past six years, Bloomberg writes.
“Russians are downsizing in Cyprus,” Kyriakos Iordanou, general manager of the Institute of Certified Public...
U.S. Treasury Secretary Steve Mnuchin will hold a classified briefing for House lawmakers on Thursday about the decision to ease sanctions on companies tied to Russian oligarch Oleg Deripaska, Politico reports.
Earlier this month, Treasury said it is lifting sanctions on three companies linked to blacklisted Russian billionaire Oleg Deripaska.
The...
"Selective statements coming from Washington over the potential easing of anti-Russian sanctions is not making the Kremlin 'wear rose-colored glasses’ since Washington is still gripped with hostility against Russia," President Vladimir Putin’s spokesman Dmitry Peskov said on Wednesday, according to RIA news agency.
Peskov commented on a statement by...
Sergey Guriev, Chief Economist at the European Bank for Reconstruction and Development (EBRD), has said he believes Russia is much more corrupt than one would anticipate, given its level of development and even more so, the level of education.
"In terms of the stability of financial markets, Russia has...
The World Bank has lowered its forecast for the growth of the Russian economy this year to 1.5 percent instead of the previously predicted 1.8 percent, The Moscow Times reports.
“In Russia, growth has been resilient, supported by private consumption and exports,” the World Bank writes in its semi-annual...
