Yuri Yudenkov

#039People#039s#039 bonds becoming popular

'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 …

Russians do not want #039Mir#039

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 …

Will Trump bring US dollar down?

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 …

Russian finance minister: rouble overvalued by 10-12%

Russian finance minister: rouble overvalued by 10-12%

Russian Finance Minister Anton Siluanov said that the rouble is overvalued by up to 12%, making it a good time for foreign currency purchases under which the ministry may buy at least $1 billion in 2017

Will Russian economy start to grow?

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 …

What will happen to ruble without US sanctions?

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 …

Dollar back at 60

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 …

Why does Russia need ruble to be stable?

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 …

Russian government to deal with incomes of Russians

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. …

Will they take away key rate from Russian Central Bank?

Will they take away key rate from Russian Central Bank?

Deputies of the parliamentary faction 'Fair Russia', headed by its Chairman Sergey Mironov, offered the State Duma to consider the bill, which may give the National Financial Council (NFC) - a collective body of the Bank …

Russia buys dollars

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 …

Russia prepares to neutralize cyber attack

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 …

Russian Central Bank: ruble stabilizes

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 …

 Ruble sets new record in 2016

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 …

Russians have lost faith in ruble

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 …

CB RF begins to save Russian banks personally

CB RF begins to save Russian banks personally

Russian Central Bank has introduced a new scheme of redevelopment of Russian banks in order to ‘remedy’ financial institutions through the consolidation foundation of the banking sector. It will allow …

How financial system of Russian Federation will change after the loss of BFG-Credit?

How financial system of Russian Federation will change after the loss of BFG-Credit?

Today the Central Bank has revoked the license of Moscow BFG-Credit Bank, which was included in the top 100 of the country's banking system. At the same time it was noted by representatives of the Central Bank …

Will state begin to control expenses of Russians?

Will state begin to control expenses of Russians?

The Russian Ministry of Finance and the Federal Tax Service (FTS) are discussing the possibility of introducing the control of massive expenditure among population, the Vedomosti newspaper reports with reference to federal officials that the idea …

 Russians hope that government to help them during crisis

Russians hope that government to help them during crisis

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll to find out the significance of material and financial reserves for Russian people. According to its findings, 66% of respondents did not save …

Bank of Russia predicts decline in inflation

Bank of Russia predicts decline in inflation

The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …

Will Russia create its own offshore zone?

Will Russia create its own offshore zone?

An offshore zone can be established in Russia, the presidential envoy to the Far East Federal District, Deputy Prime Minister Yury Trutnev, said after a meeting of the supervisory board of the Free Port of Vladivostok. …

Ulyukayev tells what Russia should do next

Ulyukayev tells what Russia should do next

The Russian Minister of Economic Development Alexei Ulyukayev published an article titled 'What to do next? in the Vedomosti newspaper today. He outlined there his program of actions which would allow the Russian economy to grow every year by 7%, as it was in the early 2000s. The Minister bases his arguments on the premise that the world economy has changed dramatically and only those developing countries that are able to adapt to these changes will keep high growth rates. "In this situation, Russia's economic policy should be aimed at increasing the potential growth, which can be achieved through better use of labor resources, accumulation of capitals through the growth of investments and increasing productivity," Ulyukayev believes.

Ruble falls sharply after holidays

Ruble falls sharply after holidays

Ruble, which previously steadily increased, dropped during today's tradings on the Moscow stock exchange that resumed after a break for May holidays. As of 22:15, the dollar costs 66.6 rubles, rising by 1.97 rubles in a day. …

Sanctions lose influence on Russian economy

Sanctions lose influence on Russian economy

According to Former Minister of Finance of Russia, Chairman of the Committee of Civil Initiatives Aleksey Kudrin, the impact of sanctions on the Russian economy has gradually reduced, noting that …

Has Kiev allowed itself not to pay on its debts?

Has Kiev allowed itself not to pay on its debts?

The Verkhovna Rada has lifted temporary restrictions from its moratorium on the payment of Ukraine's foreign debt, including a $3 billion debt to the Russian Federation. According to an explanatory note to the relevant draft law, 242 deputies …

Golodets: expensive loans stifle Russian economy

Golodets: expensive loans stifle Russian economy

Excessively high lending rates have a restraining influence on the development of the Russian economy, the Deputy Prime Minister of Russia, Olga Golodets, said. "Probably, today it is difficult to find any man who …

Will deflation replace inflation in Russia?

Will deflation replace inflation in Russia?

The effect of the devaluation of the ruble has exhausted itself. This is confirmed by the decrease in the average daily rate of inflation from 0,031% in January to 0.021% in February this year, the report Sberbank CIB analysts reports. …

All conditions created to reduce interest rate of RF Central Bank

All conditions created to reduce interest rate of RF Central Bank

A decision to reduce the key rate by 0.5% may be taken on Friday at the upcoming meeting of the Board of Directors of the Russian Central Bank, the head of VTB Andrey Kostin said. He explained that the strengthening of the …

Russia#039s losses from sanctions and cheap oil calculated

Russia's losses from sanctions and cheap oil calculated

Russia's losses will reach about $ 600 billion due to financial sanctions and a sharp drop in oil prices over the period from 2014 to 2017, analysts of the Economic Expert Group, Evsei Gurvich and Ilya …

Russians owe banks 1.15 trillion rubles

Russians owe banks 1.15 trillion rubles

Last year, rates of borrowers' payment discipline seriously deteriorated in Russia. According to the United Credit Bureau, overdue loans increased by 48% to 1.15 trillion rubles in December 2015. The share of overdue loans …