Tuesday, March 9, 2021
Russia’s economy ministry said on Friday it expected annual inflation to peak in March and then gradual decline, after it had hit 5.7% in February, which was well above the central bank’s 4% target. The ministry said it saw month-on-month inflation slowing to 0.5%-0.6% by the end of March, down...
The Russian government discussed a proposal to cut borrowing this year by RUB0.5-1 trillion ($6.8bn-13.5bn) due to fears of more U.S. sanctions being imposed that could target sovereign debt, Bloomberg reported on March 3, bne IntelliNews reports. Russia hiked borrowing via the Russian Ministry of Finance ruble-denominated OFZ treasury bills...
The Baring Vostok private equity firm is not going to withdraw from the capital of Vostochny Bank yet, the firm’s founder Michael Calvey told TASS on Wednesday. Calvey is a defendant in the case of embezzling 2.5 bln rubles of the bank's loan funds. "There are no plans to withdraw ...
The world’s top cryptocurrency, bitcoin, continued to rally on Tuesday, pushing above $49,000 during early trading. The rally comes as the Chinese government plans to ban crypto mining in the country, RT reported. The Chinese northern region of Inner Mongolia, the global crypto mining hotspot, is banning cryptocurrency mining. Regional...
Russia confirmed 11,198 COVID-19 cases over the past day, a record low since October 7, and the total case tally hit 4,212,100, the anti-coronavirus crisis center told reporters on Thursday. The growth rate reached 0.27% in relative terms, TASS reports.
The number of private investors with brokerage accounts on the Moscow Exchange since the beginning of 2021 has grown by 1.2 mln people and reached 10 mln, according to the trading platform information released on Thursday, TASS reported. Over the past year, brokerage accounts were opened by 5 mln people,...
Despite record borrowing to shore up the country’s finances and fund its healthcare system during the Covid-19 pandemic, Russia has racked up far less national debt than first expected, a new economic analysis has claimed, RT reports. On Wednesday, local media reported that the Accounts Chamber in Moscow had recorded...
Russia’s second-largest lender VTB on Thursday reported a 63% decline in net profit last year as the COVID-19 pandemic triggered a hike in provisions against bad debt but it said it aimed for record-high income in 2021, Reuters reports. State-run VTB saw its net profit shrink to 75.3 billion rubles...
Bitcoin during the trading session is down 16.38%, reaching $45,615 according to data from the CoinDesk portal at 14:57 Moscow time released on Tuesday, TASS informed. As of 15:10 Moscow, the bitcoin rate was at $46,369 (-14.5%). On February 21, the price of the cryptocurrency exceeded $58,000 updating the historical maximum....
In a Monday article for the U.S. news outlet Politico, the foreign ministers of Poland and Ukraine called upon U.S. President Joe Biden to do his best "to put an end" to the Russian-Western European energy project Nord Stream 2, as they warned that Russia was strengthening "its grip...

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