At its Board of Directors meeting on September 10, Russia's Central Bank will make a decision on the main interest rate. The Central Bank would not maintain the current rate, according to Vedomosti, citing experts from major financial organizations. More than half of the experts polled anticipate the Fed...
Russian energy company EN+ Group, which used to be owned by sanctioned billionaire Oleg Deripaska, said in a statement on Thursday that it believed the U.S. Congress could seek additional conditions for lifting sanctions against the company, Interfax reported.
On Wednesday, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced that it would...
The US Department of Commerce has completed the solicitation of opinions from market participants on the consistency of Russia's economy and market position.
The reason for this is the appeal of U.S. fertilizer manufacturers (CF Industries Nitrogen, Terra Nitrogen, Terra International), who provided the agency with "sufficient tariffs based...
According to Russia's Ministry of Economy, the country's GDP was greater in August than it was before the epidemic. According to the agency, the indicator climbed by 3.7 percent year on year at the end of the summer, Kommersant reports.
“GDP remained above pre-pandemic levels in August, according to projections...
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...
The size of Russia's international reserves in August for the first time exceeded 618.2 billion US dollars, Russian media reported.
"This is a historic record - during the entire existence of the Bank of Russia, such indicators have not been achieved," says the report of the Accounts Chamber of the...
The Russian ruble slightly weakened against the dollar on Thursday, following the downward movement of emerging market currencies after having reached a four-week high over high domestic demand on Wednesday, Reuters reported.
The currency was slightly weaker against the dollar at 66.49 and remained unchanged at 75.55 versus the...
The rapid rise in food prices could force the Russian government to introduce food stamps for the country's low-income citizens, Russian media reported.
This is better than simply giving away money that can be spent on other goods, said Valery Mironov, chief economist at the HSE Development Center for Economic...
The seasonal increase in ruble supply from Russian exporters, especially amid recovering oil prices, offsets the negative impact of foreign currency purchases by the Bank of Russia, Kommersant writes citing experts.
The value of Russia’s national currency has been robustly increasing since the beginning of the year. On Wednesday,...
500 additional bulletproof vests have been delivered to the Ukrainian National Guard by the Metinvest Group's Zaporizhstal facility under the ownership of Rinat Akhmetov and Vadym Novynsky, a press release reads.
Over 2,500 Level 4 bulletproof vests have been delivered to the Ukrainian National Guard by Metinvest Group, according to...
