Yuri Yudenkov

Russians support state control of food prices

Vast majority of Russians believe that only the state should establish and regulate food prices, annual issue of "Russian Monitoring of Economic Situation and Population Health", conducted by the Higher School of Economics, says. …

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Dollar exceeds 60 rubles again

Today the US currency during the trading process at the Moscow Stock Exchange has crossed its psychological barrier of 60 rubles for the first time since February 2017. The cost of the euro has crossed the barrier of 67 rubles for the first …

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Why will low inflation not save Russian economy?

The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …

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Do Russian people start to trust banks?

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll, according to which results, the majority of Russians (52%) believe that now it is better to deposit available funds into a bank account (41% of Russians …

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Russian banks divided into basic and universal

Russian President Vladimir Putin signed a law on the division of banks according to the list of permitted operations, depending on their license. The document was posted yesterday on the official web portal of legal information. …

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'People's' bonds becoming popular

For the first day, the Russians bought government federal bonds for individuals - 'people's bonds' - in the amount of 696.8 million rubles, the Russian Ministry of Finance said. "The placed volume is 696,807 million …

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Russians do not want 'Mir'

More than two-thirds of Russians (70%) do not plan to open a "Mir" payment card, according to a poll conducted by the Russia Public Opinion Research Center (VCIOM). Only 20% of Russians plan to get the card, 3% already have …

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Will Trump bring US dollar down?

US President President Donald Trump believes the US dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. Trump, in an interview with The Wall Street Journal, said …

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Will Russian economy start to grow?

Russia's economy may grow 1.1% this year and 1.5% next after contracting in 2016, a Bloomberg survey of 39 economists shows. Earlier, Economy Minister Maxim Oreshkin said that Russia's economy could …

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What will happen to ruble without US sanctions?

If the US eases the sanctions, the Russian currency would appreciate 5% to 10%, according to 27 economists surveyed by Bloomberg, with 41% of respondents predicting a gain of 1% to 5%. However, the probability that the US president …

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Dollar back at 60

Today during trades on the Moscow Stock Exchange the dollar passed psychological barrier of 60 rubles per $1. For some time the US currency drifted around 59,9-60,05 rubles per $1, but then went up, gaining almost 1 ruble since trades …

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Why does Russia need ruble to be stable?

The Russian government along with the Central Bank are preparing a joint strategy to tackle ruble long-term volatility, the First Deputy Prime Minister of Russia, Igor Shuvalov, told Bloomberg. "It is obvious …

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Russian government to deal with incomes of Russians

The main task of the Russian government at the moment is the restoration of incomes of the population, which strongly declined in recent years, the Russian Deputy Prime Minister Olga Golodets said at the Gaidar Forum today. …

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Russia buys dollars

In September and October 2016, Russians spent 5.4% of their income to purchase foreign currency, which is the highest indicator of currency purchases among population since December, 2014, according to data of the Federal State Statistics …

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Russia prepares to neutralize cyber attack

Russia's intelligence agency (FSB) said it had uncovered a plot by foreign spy agencies to sow chaos in Russia's banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust. The …

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Russian Central Bank: ruble stabilizes

The volatility of the ruble has dropped significantly due to declining volatility of oil futures and returned to the level of the summer of 2014, the Bank of Russia reports. The regulator also noted that this month the market …

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 Ruble sets new record in 2016

As of 10:42 am (MSK), the dollar exchange rate was worth only 62.585 rubles at the morning trading session, and shortly before - 62.4375 rubles, which was a record for ruble this year. For the last …

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Russians have lost faith in ruble

The Russian Central Bank published the results of a poll conducted by the inFOM company, according to which only 13% of Russians expect that the ruble will strengthen against the dollar within a year - a similar level of pessimism has …

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