Thursday, September 23, 2021
For the first time since 2016, the ruble reached the top 20 most popular global currencies in July, accounting for 0.18 percent of foreign settlements, according to RIA  Novosti, using statistics from the SWIFT interbank transfer system. The Russian national currency is again ranked last, as it was five...
The monthly rise in prices for non-food products slowed down in August, the Central Bank of Russia stated, noting that the trend does not apply to oil products, Russian media informed. Annual inflation rose to 6.68%, as well as annual and monthly indicators of stable price dynamics. The decline in...
For the first time, the Russian Ministry of Finance, the Bank of Russia, and market players developed a plan for the growth of the financial market until 2030, according to Deputy Finance Minister Alexey Moiseev during a news conference, TASS reports. "For the first time in Russia, we are developing...
Since September 1, the international payment system (MPS) Visa has significantly lowered the interchange (the fee paid by the acquiring bank to the issuing bank when paying with a credit card) for fast food in Russia, Kommersant writes. Previously, the fee for most cards was 0.95 percent, and for...
According to preliminary data, the federal budget surplus reached 934.432 billion rubles in January-August, against 890.298 billion rubles in January-July, the Russian Ministry of Finance said in a statement. Budget revenues for eight months amounted to 15.69 trillion rubles. (83.6% of the volume of revenues approved by the law "On...
The Central Bank of Russia has raised interest rates to 6.75 percent in its continuing fight to contain rising inflation, which threatens to damage the country's economic recovery in the aftermath of the coronavirus epidemic, Moscow Times writes. Following a meeting of its rate-setting committee on Friday, the bank announced...
According to Vedomosti, Deputy Health Minister Oleg Salagay said during a news conference on World Sobriety Day that Russia is not the most drinking nation in the world, and that alcohol use among Russians is declining, Vedomosti writes. "The claim that our nation is the most alcoholic or sort of highly...
Rostec State Corporation will establish a holding company to research and manufacture heavy processing equipment and tools for industry, citing two military-industrial complex sources. Kirill Fedorov, the General Director of RT-Capital, will lead the company, Interfax reports. RT-Capital is a Rostec company that specializes in crisis management in the defense sector....
Following discussions with his Belarusian counterpart Alexander Lukashenko in Moscow on Thursday, Russian President Vladimir Putin stated that Russia and Belarus are moving toward a joint industrial strategy, as well as common access to government procurement and orders, TASS reports. The parties were able to establish agreements on an unified...
The Moscow Exchange and RTS indexes fluctuated within 0.1 percent per minute of trading on Friday, amid mixed dynamics of blue chip prices amid an improvement in the external stock and raw materials environment (oil and metals are increasing), while Rusal securities dropped on dividend announcement, Interfax reported. The Moscow...

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