The Reddit-fuelled investment frenzy of recent weeks has pushed Russia’s Saint Petersburg Exchange to become the country’s leading stock exchange for the first time in modern history, The Moscow Times reports.
The Saint Petersburg Exchange (SPB) notched up record trading volumes of $36.1 billion in January, compared with $30.2 billion...
The Russian Central Bank is seeking the right to block websites that are used for financial fraud, without first acquiring judicial approval, Vedomosti reports.
According to a federal official cited by the newspaper, the idea was discussed last week at a conference with Deputy Prime Minister Maxim Akimov. The Central...
Young people aged up to 29 account for over 33% of the total number of unemployed in Russia, Minister of Labor and Social Protection Anton Kotyakov said at a meeting of the State Duma (parliament's lower house) Committee on Labor, Social Policy and Veterans' Affairs on Wednesday, TASS informed.
According...
Тhe average mortgage rate in Russia increased for the first time since early 2018, reaching 9.57%, the Bank of Russia said in a report, according to Vesti.ru.
According to analysts, the rate could go further up due to the introduction of new U.S. sanctions against Russia, especially if they hit...
Russian Foreign Minister Sergey Lavrov earlier said that the risks posed by US sanctions need to be alleviated by switching to alternative currencies and moving away from using the dollar, and underlined the need to switch to payments in national currencies and in world currencies, instead of the dollar,...
Western sanctions on Russia -- imposed in response to the Kremlin's annexation of Crimea in 2014 have had a “much more moderate impact than those who imposed them intended,” according to the author of a new book, Russia's Response to Sanctions, Forbes reports.
Dr. Richard Connolly, Director of the Centre...
Russia’s central bank raised its key interest rate to 5% on Friday, a bigger than expected jump against the background of a weak ruble, high inflation and geopolitical risks, signalling that more rate hikes would follow, Reuters reports.
The decision to raise the rate from 4.5% was at odds with...
The U.S. Treasury has extended a deadline until November 12 for investors to divest holdings of debt, equity, and other assets in sanctioned Russian aluminum giant Rusal and its parent holding company EN+, Bloomberg reports.
The announcement on Friday said the extension was being provided to allow the companies to...
The dollar is growing, the euro, on the contrary, is depreciating on the Moscow Exchange on Wednesday evening; the ruble is falling against the dual-currency basket amid a more noticeable weakening against the dollar, the demand for which increased after the release of data on consumer inflation in the...
Russian tycoon of Uzbek origin Alisher Usmanov has talked about his plans to invest in projects in his home country in an interview with the Russia 1 TV channel, mentioning possible moves into Uzbekistan’s metallurgy sector.
"I will help only in business. The companies I own, where I am...
