Wednesday, June 17, 2026
Monetary conditions will remain soft until the key rate returns to its neutral range of 5-6%, governor of the Central Bank Elvira Nabiullina says on Friday. "Monetary conditions will remain soft until the key rate returns to the neutral range - and we still estimate it from 5% to 6%....
The growth of a business is dependent on many things. The perfection of the production and service delivery is elemental. After working on the brand, think of channels to sell it to the public. Find the right clients. Having a wide connection with customers keeps them loyal to your...
The Bank of Russia raised the key rate for the first time since December 2018 - by 0.25 percentage points to 4.5% per annum and said it could be raised again at following meetings, the regulator said on Friday, TASS reports. "On 19 March 2021, the Bank of Russia Board...
The reduction in the number of beauty salons in large Russian cities over the past year has averaged 10%, according to the results of a study released on Thursday by the 2GIS geoservice and the Sberuslugi platform on how the beauty services market has changed from March 2020 to...
Russia has arrested the head of three water sports federations over suspected fraud, a Moscow court said on Wednesday, just over four months before the start of the Tokyo Olympics, Reuters reports. Alexei Vlasenko, head of Russia’s water polo, diving and synchronized swimming federations, faces up to 10 years in...
Italy’s top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although the project is still at a very early stage, a source close to the situation said on Wednesday, confirming a press report, Reuters reports. A plan presented by Chief Executive Philippe Donnet...
Representatives of the World Health Organization (WHO) are to take part in the St. Petersburg International Economic Forum (SPIEF), according to the event’s organizing committee, RT informs. Confirmed WHO participants in the 24th forum, which will be held from June 2 to June 5, include Hans Kluge, its regional director...
New Delhi is planning to propose a new law that will ban cryptocurrencies and fine anyone trading or even holding digital assets in the country, a senior government official told Reuters. According to the source, who has direct knowledge of the plan, the bill would criminalize the possession, issuance, mining,...
Russia's arms sales last year were not affected by the economic fallout from the coronavirus pandemic, a senior official said Friday, making it one of the country's only industries to come out unscathed, The Moscow Times reports. "Our order book remained at a level of $50-55 billion," said Dmitry Shugayev,...
The Chinese government dismissed reports that it is considering a hefty penalty against e-commerce giant Alibaba over its anticompetitive behavior. Beijing has been focusing on regulating the rapidly growing digital industry, RT reported. “If it’s not there (on our website), it’s not (true),” a spokeswoman for the State Administration...