Russian economy

Worst risk to Russia's stock market named

  Russian Central Bank Governor Elvira Nabiullina, speaking at the NAUFOR Russian Stock Market Conference 2019, named the main risk to Russia's stock market. "I see the main risk in the …

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Russia's trade turnover with U.S. grows by 24%

The trade turnover between Russia and the United States in January-March totaled $5977 billion, amounting to an increase of  24%, the Russian Federal Customs Service said. Exports from Russia to the U.S. amounted to $2.686 billion, …

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 Peak of inflation over in Russia

Russia's annual inflation was 5.3% in March, but it has started to decline in April due to a number of temporary factors restraining price hikes, the Russian Central Bank said in a report today. “Annual inflation has …

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Gazprom net profit doubles in 2018

The net profit attributable to shareholders of Russian gas giant Gazprom doubled to 1.456 trillion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement posted on its website. …

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GAZ Group to be nationalized?

Russia’s largest commercial carmaker GAZ Group might go bankrupt and may be nationalized due to U.S. sanctions, Russian businessman Oleg Deripaska said in an interview at the company’s headquarters. …

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Nabiullina: Russia has undergone the peak of inflation

The peak of inflation in Russia, apparently, has already been passed, the Chairman of the Central Bank of Russia, Elvira Nabiullina, said on the margins of the IMF-World Bank Spring Meeting in Washington. "But we cannot state this …

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Russia’s gold reserves hit five-year high

Russia's forex and gold reserves were at $487.8 billion as of April 1 2019, according to figures from the Central Bank of Russia (CBR), the highest since March 2014, The Moscow Times reported. Reserves are now at the level …

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Central Bank: Russian economy close to balance

According to Russia’s central bank, the situation in the Russian economy is close to balanced, First Deputy Governor Ksenia Yudaeva said. "The situation in the Russian economy is close to balanced and there …

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 All Russian oil to be subject to excess-profits tax?

After monitoring and analyzing the impact of a pilot project of introducing the excess-profits tax in the oil industry, the Russian Ministry of Energy may propose the final transition to the excess-profits tax in the oil industry, the Russian …

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World Bank lowers Russia's GDP forecast

The World Bank said it had lowered its forecast for annual economic growth in Russia this year to 1.4% from a projection in January of 1.5%. “A downgraded forecast for gross domestic product growth in 2019 reflects lower oil …

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