Russian economy

Russia has external debt of $529 billion

Russia's external debt, as of the 1st of January 2018, amounted to $529.084 billion, according to the Bank of Russia's estimates.  In comparison with the beginning of the previous year it has increased by $15.0 …

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Is Russia on the verge of deflation?

Director of the Department of Monetary Policy of Russia's Central Bank Igor Dmitriev said that the Central Bank doesn't see threat of systemic deflation in the country. "I don't see any threat of deflation yet, …

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What awaits Russian banks in 2018?

Russia's Central Bank announced transition to proportional regulation of the banking system. In other words, in 2018 banks will have to decide whether to increase their capital to 1 billion rubles and work under universal license, …

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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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Putin raises minimum wage to subsistence level

Russia's President Vladimir Putin signed the law on raising the minimum wage to the subsistence level. The corresponding document has been published on the website of legal information of the Russian government  …

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Russia and US trade increasing trade turnover

The US-Russia trade turnover has increased by 15-17% this year, the Russian Trade Representative in the United States Aleksander Stadnik said. "We expect the year-end results to show that trade turnover has …

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Russia's central bank to stop being lombard

The Russian Central Bank will reduce its Lombard list, limiting it with only federal loan bonds and state securities. The remaining securities will be accepted in the framework of the emergency liquidity assistance mechanism (ELA), but on an …

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