Sergey Hestanov

Will Russia refuse placing eurobonds?

Russian Deputy Finance Minister Sergei Storchak said on the sidelines of the International Monetary Fund (IMF) and World Bank meeting that Russia may refuse to enter the external borrowings market, noting that it's an …

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Policy launches another attack on ruble

The possible new sanctions against Russia by the U.S. and UK, after the Netherlands claimed that the Dutch military intelligence and security service had allegedly prevented an attack by Russian hackers against the OPCW, the Russian national …

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Deutsche Bank: ruble among most undervalued currencies

The ruble ranked among the top three undervalued world currencies, according to Deutsche Bank's Behavioral Equilibrium Exchange Rate (BEER). It is 15% weaker than its "fair rate," the bank's economist said. In the review of …

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Are Russian finances out of danger?

Russia's financial stability indicators are at a safe level, the Russian Central Bank said in its financial market risks review for August, "An unfavorable external background is formed in the face of expectations of U.S. …

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Russia ditching dollar

Russia's Industry and Trade Ministry is considering switching to settlements in national currencies as a response to new U.S. sanctions, Russian Industry and Trade Minister Denis Manturov said on the air with Rossiya 24 …

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20th anniversary of Russia's 1998 default

Twenty years ago, on August 17, 1998, Russia announced a technical default on main types of sovereign debt securities to the amount about $72.7 million.  One of the main reasons of crisis was the oil price collapse to $9.1 per …

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Ruble currency storm put on hold

Russia's ruble exchange rate rose today on the Moscow Exchange. At the moment of the opening of the stock exchange US currency traded at 67.11 rubles, in an hour it reached a low of 66.51 rubles, as of 11:10am (MSK).  …

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US 'anti-Trump' sanctions against Russia revealed

The Defending American Security from Kremlin Aggression Act of 2018 (DASKAA), aimed at increasing economic, political and diplomatic pressure on Russia in response to Moscow’s alleged continuing interference in US elections, proposes …

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Russia's VAT rate hike bill passed in second reading

Russia’s State Duma passed the bill on raising value-added tax (VAT) to 20% from 18%, starting from 2019, in the second reading today.  The insurance contributions are currently paid in full at a rate of 30% for an …

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Russia's Central Bank freezes key rate

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25%. "The Bank of Russia has reviewed the inflation forecast upwards considering the planned increase of the value added tax in 2019. This …

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Central Bank promises Russians easy long money

Inflation dynamics enables the Russian Central Bank to cut further its key rate, the regulator’s First Deputy Chief Ksenia Yudaeva said. "Obviously, the current inflation dynamics allows a reduction," …

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Russia's inflation outlook may be revised

Russia’s Central Bank plans to revise inflation outlook for 2018 in early June, the bank's First Deputy Chairperson Kseniya Yudaeva said. She noted that Russia's inflation has stabilized at the level …

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Will the ruble become weakest link in the market?

Morgan Stanley analysts characterized the ruble as the "weakest link" in the fixed-income instruments markets. They predict that after a small recovery of the ruble situation will change, and the dollar will cost 66 rubles. …

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Doesn't collapse of ruble bother Russians?

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll, according to its results, the increase in the dollar and euro exchange rates does not bother the majority of Russians (60%). Two-thirds of the …

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