Dmitry Piskulov

Will Crimea become offshore zone?

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 …

Andrei Kostin: dollar to decline by six rubles

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 …

US Interest rate expected to reach 3%

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 …

Dmitry Piskulov: Economists are optimistic about 2017

Dmitry Piskulov: "Economists are optimistic about 2017"

Chairman of the Board of the National Currency Association sums up the outgoing year

US dollar hits 13-year highs

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 …

Russia and Turkey ready to trade in national currencies

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 …

How long can world live in debt?

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 …

Dmitry Piskulov: G20 summit can help to achieve global economic growth, but it should not be overestimatedppp

Dmitry Piskulov: "G20 summit can help to achieve global economic growth, but it should not be overestimatedppp"

The chairman of the National Currency Association on the G20 meeting

Russia continues to invest in US economy

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 …

Russian Central Bank slows down key rate reduction

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 …

Will government#039s participation in financial market to be increased?

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.

 Can Special Economic Zones of North Caucasus be closed?

Can Special Economic Zones of North Caucasus be closed?

The Russian Prosecutor General's Office conducted an audit of special economic zones, which shows "numerous violations of the law" in the activities of the federal and regional authorities, JSC 'Special Economic Zones' and …

What can revive Russian economy?

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 …

 What will result of September 11 conflict between the US and Saudi Arabia be?

What will result of September 11 conflict between the US and Saudi Arabia be?

The US Senate passed legislation that would allow families of September 11 attacks victims to sue Saudi Arabia's government for damages, setting up a potential showdown with the White House, which has threatened a veto, Reuters reports. …

Why does Russia need investments in US securities?

Why does Russia need investments in US securities?

Over the period from January 2015 to January 2016, Russia has increased the volume of its investments in securities of the US government by 14.7 billion dollars, from 82.2 billion dollars to 96.9 billion dollars, the monthly report of the US …

IMF: world economy on verge of collapse

IMF: world economy on verge of collapse

The International Monetary Fund warns that the risk of economic collapse is increasing, so we need to take immediate measures to stimulate demand. The International Monetary Fund's first deputy managing director, David …

Future of Russian economy discussed in Krasnoyarsk

Future of Russian economy discussed in Krasnoyarsk

Krasnoyarsk is hosting its annual economic forum, the first took place in 2004. This time its theme was declared as: "Russia: Strategy 2030". Forum participants will develop their proposals for the establishment of a working mechanism of …

Economy is stalling worldwide

Economy is stalling worldwide

Experts of the Organization for Economic Cooperation and Development (OECD) has issued a new forecast of the global economy, which is much more pessimistic than the previous one. 2016 global growth forecast was reduced to 3% [in …

Dollar #039gets sick#039

Dollar 'gets sick'

The dollar exchange rate dropped to a record low since 2009 due to adverse statistical data from the US. Yesterday the US services business activity index decreased. According to experts, it is a kind of 'thermometer' of the ...

Is ruble on the rise?

Is ruble on the rise?

The ruble is growing significantly against the background of rebound in oil prices, which are fixed above the level of 31 dollars per barrel of Brent brand. The dollar dropped below the psychologically important level of 80 rubles, even though …

Piskulov: I doubt that the dollar will cost 100 rubles.

Piskulov: I doubt that the dollar will cost 100 rubles.

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The Chairman of the Board of the National Currency Association (NCA), Dmitry Piskulov, made a forecast of the further development of the situation on the currency market. The economist doubts that the dollar will reach 100 rubles. …

Oil and ruble: market expectations and market sentiments

Oil and ruble: market expectations and market sentiments

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Dmitry Piskulov: "We need a radical restructuring of the economy, avoiding target exporting"

Experts on results of this year for Russian economy

Experts on results of this year for Russian economy

Today we are summing up the results of the year in the Russian economy, which tried to recover from the consequences of currency, oil and systemic crises in 2015. Russia has passed the peak of the crisis. It is …

Increase of interest rates in US won’t change anything

Increase of interest rates in US won’t change anything

Positive statistics prove this fact. For example, the unemployment decreased from 10% in November in 2009 to 5%, and the GDP after the third quarter of this year increased in annual terms by 2.1%, whereas in the …

Is Russia going through a banking crisis?

Is Russia going through a banking crisis?

There is a banking crisis in Russia. The Commissioner for Protection of the Rights of Entrepreneurs under the President of Russia, Boris Titov, stated this today at a round table organized by the Russian National Committee of the …

One year since rouble’s floating rate

One year since rouble’s floating rate

A year ago, the Central Bank of Russia decided to start using a floating exchange rate. Summing up the results of the development of the Russian economy over the past 12 months, Bloomberg analysts …

Ruble defeats autumn depression

Ruble defeats autumn depression

Contrary to the fears of experts about the heavy fall for the Russian national currency, in September the ruble managed to hold above the strip of 70 rubles per dollar, and in October it started to rise. In particular, today the dollar exchange …

US Federal Reserve System ready to drop ruble

US Federal Reserve System ready to drop ruble

Russian national currency may fall again in the next few days, surpassing the mark of 70 rubles per dollar. Such a scenario would be real if the US Federal Reserve System will decide to raise its key rate from zero. The increase of the …

 Russian Central Bank holds cost of ruble

Russian Central Bank holds cost of ruble

The Board of Directors of the Russian Central Bank has decided to maintain its key rate at 11% at today's meeting. The country's financial regulator explained its decision with the fact that currently there is an increase in …

Expert: Russia may face currency restrictions

Expert: Russia may face currency restrictions

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The chairman of the board of the National Currency Association (NCA), Dmitry Piskulov, spoke about the factors influencing the decline of the ruble. The analyst considers that one of the main reasons is the reduction of the Russian economy. …