Friday, July 30, 2021
Prime Minister Mikhail Mishustin stated on Thursday that Russia's MC-21 airplane is a strong contender to their Western counterparts for a place on the global marketplace. He was at Irkut Corporation's Irkutsk Aircraft Plant (IAZ), where automated lines for the MC-21's completion are in place, TASS reports. Experts specializing in aviation engineering recognize that the...
Global foreign funds boosted the purchase of Russian stocks to more than 80% of all shares trading on the Moscow Exchange in the first half of this year, attracted by higher dividend distributions than in other emerging nations, according to the Moscow Exchange. Foreign investors' stake in Russia's OFZ treasury...
The Bank of Russia acquired 13.4 billion rubles ($183 million) in foreign exchange on the domestic market with settlements on July 28, according to the regulator. The Central Bank acquired 13.5 billion rubles in foreign currencies with settlements on July 27. Beginning January 15, the Finance Ministry resumed acquiring foreign exchange...
Russia's economy will outperform the pre-covid level of the fourth quarter of 2019 by 0.1 percent in June 2021, according to Economic Development Minister Maxim Reshetnikov. He was addressing at the 12th International Economic Summit "Russia-Islamic World: KazanSummit 2021" in Kazan, Russia. "According to the most recent data, the Russian economy...
The Moscow Exchange (MOEX) plans to list 31 additional international stocks, including Alcoa Corporation, Fox Corporation, The Hershey Company, and others, on August 2, according to a statement released on Tuesday. "On August 2, 2021, the Moscow Exchange will allow trading in 31 foreign equities, including Alcoa Corp., Fox Corporation,...
According to Valeri Limarenko, governor of the Sakhalin Region, the establishment of a free customs zone policy on the Kuril Islands, which is presently being discussed by Russian officials, will result in a rise in investments. This chance is now being considered, according to Russian Prime Minister Mikhail Mishustin. According to him,...
The national nuclear body Rosatom and the AEON Corporation announced that they would collaborate on the construction of ice-class boats to carry coal from the Taimyr Peninsula, TASS reported. The deal calls for the construction of boats of the Arc5 class and higher, as well as tows of the Arc6/Icebreaker6 class, to...
Contracts worth 265 billion rubles ($3.59 billion) were signed on the sidelines of the MAKS 2021 international aerospace exhibition, which took place in Zhukovsky outside Moscow from July 20 to 25, the event's organization announced on Sunday. "The total amount of deals inked is 265 billion rubles," it said,...
Russia's Central Bank has announced its highest interest rate rise in seven years, as the regulator struggles to keep inflation under control. The Central Bank agreed to boost its benchmark interest rate by a full percentage point during a rate-setting meeting in Moscow on Friday, bringing it back above pre-coronavirus...
Central Bank of Russia raised its key interest rate to 6.5 percent on Friday to combat persistently high inflation, and said that even after the 100-basis-point rise, which was the largest since late 2014, more rate hikes were attainable, Reuters reports. Russia began a monetary tightening cycle this year to...

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