Russia’s Central Bank (Bank of Russia) kept the key rate at 4.25% per annum after four rounds of its reduction, according to a press release published following its board meeting on Friday, TASS reported.
"On 18 September 2020, the Bank of Russia Board of Directors decided to keep the key rate...
Russian financial markets remain under pressure as talk of sanctions in response to the poisoning of leading Kremlin critic Alexei Navanly ramps up and fears of a second coronavirus wave knock oil prices.
The Russian ruble is still trading at around its lowest level against the dollar since the height...
The share of working citizens of the Russian Federation who will be charged an increased personal income tax rate of 15% will not exceed 1%, Finance Minister Anton Siluanov said in an interview with the Vesti news program on the Russia 1 TV channel.
"The draft laws are ready. We...
Two Russian Tu-22M3 strategic bombers conducted a scheduled flight over the neutral waters of the Black Sea, Russian Defense Ministry announced Wednesday, TASS reported.
"Two Russian Tu-22M3 long-range aviation strategic bombers conducted a scheduled flight in the air space over the neutral waters of the Black Sea," the Ministry said,...
The massive drop in international travel during the first half of 2020 has led to a loss of 440 million international arrivals, according to the UN World Tourism Organization (UNWTO), Russia Today reports.
The industry lost about $460 billion in export revenues from international tourism. “This is around five times...
President Vladimir Putin said at talks on Monday with embattled Belarusian leader Alexander Lukashenko that Russia had agreed to a $1.5 billion loan with Minsk but the Belarusian people should resolve the crisis without foreign interference, Reuters reported.
Putin, in comments broadcast on television from the talks in Russia’s Sochi,...
The U.S. Department of Commerce and Russia’s nuclear state corporation Rosatom initialed a draft amendment to extend the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation, which expires this year.
The amendment, if finalized, will extend the deal to 2040 and "reduce U.S. reliance on uranium from...
Global fast food giant McDonald's Corp. plans to expand in Russia's far east in December, opening restaurants in cities such as Khabarovsk and Vladivostok for the first time, the company said on Monday, Reuters reported.
McDonald’s did not specify how many new restaurants would open in the region, but said...
Moscow will not leave possible new Western sanctions unanswered, Russian Foreign Minister Sergey Lavrov said in an interview with Rossiya 1 TV channel, TASS reported.
"The principle of reciprocity in international affairs has not been canceled. We will see what new sanctions will be. We, of course, will react. This...
Russia’s public debt will remain below the level of debt of developing countries, despite the government's plans to bring it to 20% of GDP - this is necessary to ensure macroeconomic stability, according to the experts interviewed by TASS.
Earlier, Finance Minister Anton Siluanov said that Russia’s national debt will...
