finances

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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Russia not to ban dollar use

Russia’s government doesn't plan to restrict dollar usage in the country, but intends to approve a plan to reduce dollar usage, as the Kremlin steps up efforts to cut dependence on the U.S. currency amid fears of new U.S. sanctions. …

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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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Russian debt chief sees no Western sanctions threat

Russia's finance ministry does not believe U.S. sanctions against Russian state debt are inevitable, and sees no imminent need to intervene in the bond market to support it, a head of the state debt department at the Russian Finance …

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EU sends warning to UK, seeking 2.7 billion euros

The European Commission said it had sent Britain a second warning to recover 2.7 billion euros in customs duties it failed to collect on Chinese imports between 2011 and 2017. The move is the second step in the EU’s legal …

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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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"If US continues to use dollar as a weapon..."

Russia, just like other countries, may soon move away from trade in dollars, VTB chairman, Andrei Kostin, said in an interview with Bloomberg. This will happen if the US continues to use its currency as a weapon, he added. …

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There are no risks of currency crisis in Russia

Analysts of Japanese financial company Nomura developed exchange-rate crisis index. They called it Damocles. According to Nomura's report, published on September 10, this index includes 30 emerging markets that are close to currency …

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Iran rial hits record low around 150,000 against dollar

Iran rial extended its slide on Wednesday, hitting a record low around 150,000 against the dollar, according to foreign-exchange websites, Reuters reported. The dollar was being offered for 150,000 rials, compared with about 138,000 …

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Will Germany provide emergency financial aid to Turkey?

The German government is considering providing emergency financial assistance to Turkey as concerns grow in Berlin that a full-blown economic crisis could destabilize the region, the Wall Street Journal writes. According to German and …

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