At its last meeting this year, the Bank of Russia decided to once again retain the key rate at 4.25% per annum, indicating a more significant and lasting impact of one-off pro-inflationary factors and an increase in inflationary expectations, according to the regulator’s press release, TASS reported.
"On December 18,...
Russian athletes will not be able to compete in major international competitions under the Russian flag until December 16, 2022, according to the ruling of the Court of Arbitration for Sport (CAS) on the dispute between the World Anti-Doping Agency (WADA) and the Russian Anti-Doping Agency (RUSADA).
The CAS, however,...
A Moscow court on Thursday fined Google 3 million rubles (about $41,100) for banned information in search results, which is the largest penalty the company has ever faced in Russia, the spokeswoman for the court told Sputnik.
A Russian media watchdog has said that Google was still showing links for...
The Russian makers of COVID-19 vaccine Sputnik V have submitted a request to carry out clinical trials in Mexico and obtain the corresponding authorization, Mexican Foreign Minister Marcelo Ebrard said on Monday.
The development of Sputnik V has been funded by the Russian Direct Investment Fund, Reuters reported. Writing on...
Russian Foreign Minister Sergey Lavrov and his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan will hold talks in Moscow on Monday. This is the eight visit of the UAE diplomacy chief to Russia during his service in this position, TASS informed.
Official representative of the Russian Foreign Ministry Maria...
The Russian ruble is currently “undervalued” and has the potential to strengthen by over 10 percent against the US dollar, according to the Chief Investment Officer of Saxo Bank Steen Jakobsen, RT reports.
“Trading the USD/RUB pair is relatively easy because we know where to stop: if the close...
Moscow reserves the right to take tit-for-tat measures in response to the UK’s new anti-Russian sanctions, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Saturday, TASS reported.
Russia’s Foreign Ministry was bewildered over the UK government’s decision announced on December 10 on imposing national sanctions against three Russian citizens and...
The son of a Russian oligarch lost $50 million in day trading while studying at university in the U.K., it emerged this week, The Moscow Times reported.
Temur Akhmedov said the staggering losses were bankrolled by his father, Russian-Azeri billionaire Farkhad Akhmedov. After some initial success trading on the stock...
Inflation in Russia will begin to decline "in the middle of the first half of 2021" after passing local highs, according to the files of the research and forecasting department of the Bank of Russia, TASS reported.
"In November, annual inflation exceeded 4% and is likely to begin to decline...
