Dmitry Piskulov

What does 2017 bring for Russian economy?

Transition from recession to modest growth was the main result of Russian economy this year, economists said in an interview with Vestnik Kavkaza, speaking about the most significant economic events of 2017. The advisor on …

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Bitcoin: another day, another record

Bitcoin exchange rate soared more than 23%, smashing through the $18,000 benchmark for the first time ever, according to the data from Coinmarketcap.  The exchange rate surge over the past day amounted to $4,000. On …

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Russia buying gold

Russia should increase a share of gold in its state reserves to beef up national security, the First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said. "The Bank of Russia and other countries give …

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Moscow Exchange to start trading Turkish lira

The Moscow Exchange plans to start trading the Turkish lira and the Japanese yen against the Russian rouble next year, the head of currency market development at the exchange Dmitry Piskulov said. Piskulov said …

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Will Russia abandon dollar due to sanctions?

Russia will speed up work on reducing its dependence on U.S. payment systems and the dollar as a settling currency in response to U.S. sanctions, Russia's Deputy Foreign Minister Sergei Ryabkov said. "We will …

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Will Crimea become offshore zone?

Crimea’s government is considering setting up an offshore zone on the peninsula, the head of Crimea Sergey Akksenov said. "The idea is only being discussed,” including by the Russian Ministry of …

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Andrei Kostin: dollar to decline by six rubles

Until the end of 2017, the ruble exchange rate may strengthen by 10%, the head of VTB Andrey Kostin said. "We believe that the ruble had to strengthen, but it was before  the government announced the …

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US Interest rate expected to reach 3%

The US interest rate will likely increase several times a year reaching 3 percent by the end of 2019, US Federal Reserve Chair Janet Yellen said at the Commonwealth Club in San Francisco on Wednesday. The Federal …

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US dollar hits 13-year highs

The US Federal Reserve's decision to raise the interest rate to 0.50-0.75% led to a record growth in the US currency - the dollar hit 13-year highs …

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Russia and Turkey ready to trade in national currencies

Russia is ready to trade with Turkey in rubles and liras, Russian Central Bank reported today. "There are no legal and technical obstacles for residents of Russia and Turkey to trade in national currencies. There is no need to sign a …

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How long can world live in debt?

Living in debt - is the natural state of the world economy, and it is acceptable for both creditors and debtors, economists said in an interview with Vestnik Kavkaza, commenting on Alexei Kudrin's warning about the fact that …

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Russia continues to invest in US economy

Russia will continue to invest public funds in US Treasury bonds, as today US securities are the most reliable and profitable," Russian financiers explained statistics published by the US Treasury in an …

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Russian Central Bank slows down key rate reduction

The Board of Directors of the Russian Central Bank has decided to maintain its key rate at 10.5% per annum at the today's meeting. "The decision and further tight monetary policy will contribute to achieving the inflation …

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Will government's participation in financial market to be increased?

Russian Finance Minister Anton Siluanov, speaking at the International Financial Congress in St. Petersburg, has urged increasing the degree of the state participation in the national financial market. "Even with the reduction of the budget deficit we will need to significantly increase the state participation in the financial market," he noted. The Finance Minister added that the availability of reserves is compulsory for implementation of budget policy.

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What can revive Russian economy?

At the session of the Economic Council's presidium, held on Wednesday, Russian President Vladimir Putin stated that previously existing sources of Russian economic growth have exhausted themselves, and that is why there is a …

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