Monday, 21.01.2019
The Russian ruble is headed for a three-month gain, despite the political and diplomatic storm culminating with the expulsion of 130 Russian diplomats, Bloomberg reports. The latest fallout with the West is doing little to dent investor sentiment so far, as it shows in quarterly returns on the Russian currency over...
China’s state run shipping conglomerate Cosco is in talks to take a stake of up to 49% in Russia’s largest state-run shipping firm Sovcomflot, according to Morvesti.ru. The Chinese giant has tabled a bid to take an initial 30% stake, rising to 49% in the future, the report says. Russian authorities...
The next six-year cycle in the Russian economy will not be easy, Russian Prime Minister Dmitry Medvedev said at a government meeting Thursday according to the RIA Novosti news agency. "We must take into account the situation in the resources and financial markets, as well as the possible expansion of...
The Russian government will evaluate a pending extension of the effective grace period for the import of western-built passenger jet aircraft – and deliver its deliberations by April 2019, Rusaviainsider.com reports. President Vladimir Putin has also proposed the possibility of a trade-in, part exchange scheme for purchases of Russian-built aircraft, the...
Moscow and Tehran have started talks on using national currencies in trade deals between the two countries, Russia’s Ambassador to Iran Levan Dzhagaryan said. According to the ambassador “central banks” working groups have met several times. “As far as we can understand, negotiations are underway,” Dzhagaryan said, according to Iran Daily. “We...
Russia’s economy is seeing consumption begin to increase off the back of low inflation, Russian central bank Governor Elvira Nabiullina said on Wednesday, according to Reuters. Russia’s economy ministry said on Monday it expects inflation to stay below the central bank’s target of 4 percent, if there are no weather-related...
Banks from India are likely to allot a branch each to handle all Russia-related businesses following U.S. sanctions against that country, The Hindu Business Line reported, citing sources. According to the report, the move was proposed at a joint meeting between the Indian and Russian-based banks, which was coordinated by...
The lower house of the Russian Parliament has drafted legislation in response to new U.S. sanctions, Vedomosti reported. The law proposes banning imports of a raft of U.S. goods and services to Russia and restricting economic ties. Lawmakers will discuss the draft law next week. It proposes restricting imports of U.S.-made...
After the March presidential election, the new Russian government should invest more in education and healthcare to help spur economic growth, the World Bank’s chief executive officer said on Tuesday. “What we agree is that the new political cycle opens opportunities for new policy ideas to be brought forward,” World...
The Western Balkans have become one of the regions in which Russia has increasingly sought to (re)assert its presence in the past decade, a new report by Bulgarian think-tank Center for the Study of Democracy (CSD) says. In an attempt to improve the understanding of the impact of the interplay between...