Alexander Khandruev

Russians buying up dollars and euros before New Year

Russians are actively buying up dollars and euros before the New Year holidays, according to the Bank Russky Standart's report. "The end of 2019 is characterized by a slight plunge in dollar and rouble appreciation. The …

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What's in gain in Doing Business ranking for Russia?

Russia has risen to the 28th position in the Doing Business 2020 rating of the World Bank and the International Finance Corporation from the 31st position it occupied last year. The WB said in the report that it happened thanks to …

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U.S. prohibited from providing any credit to Russia

The second round of U.S. sanctions against Russia related to the Skripal case took effect today. According to a notice by the State Department, the latest round of sanctions prohibits U.S. banks from making any loan or providing …

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Russia’s currency reserves reach $500 bln

The Russian Central Bank Chief Elvira Nabiullina said that Russia’s gold and foreign currency reserves stand at a comfortable level and have almost reached the $500 billion target. "Last year reserves …

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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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Russia refuses to place Eurobonds

Russia's Finance Ministry sees no particular need to issue Eurobonds this year, Deputy Russian Finance Minister Sergei Storchak said. The Finance Ministry plans to focus on the domestic debt market, he noted, describing …

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Why Russia buying so much gold?

Russia's central bank purchased 92.2 tons of gold in the third quarter of this year. It was the record amount in this quarter, according to the World Gold Council report.  The World Gold Council has also found that global …

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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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Russians triple investment in government

Last year, the Russians bought government federal bonds (OFZ) amounting to 93 billion rubles. This number is three times higher than in 2016, it follows from the Bank of Russia's data. Almost half of purchases accounts for …

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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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Russia refuses dollar debts

The role of the dollar in Russia's external debt has reached 60%, declining to a minimum since 2014, according to the Russian Central Bank's data, published today. A stable decline in the share of the dollar has been observed …

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Do Russians believe in banks once again?

Russians now view banks differently, as shown by a poll conducted by the Russian Public Opinion Research Center (VTsIOM). The results show that they prefer to reduce daily expenses by keeping free funds in a bank account. "The way …

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 Government predicts economic growth in Russia

Russian Economic Development Minister Maxim Oreshkin said that the data for the first months of this year indicate that the Russian economy has entered a new phase of growth. However, in order to increase it, it is necessary …

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 Dollar falls below 58 rubles

As of 10:10 am (MSK), the dollar exchange rate was worth only 57.9625 rubles at the morning trading session at the Moscow Exchange. For the last time the ruble exchange rate was so high in summer 2015. The euro was worth 61.32 rubles. …

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Is ruble defeating dollar?

The dollar exchange rate dropped today to 59.13 rubles during trading on the Moscow stock exchange. As for 14:30, according to the MICEX, the dollar was trading at a minimum of 58.95 rubles, but late increased a little. Thus, the ruble …

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Will US impose sanctions against whole world?

New US sanctions, proposed by the US senators, would damage the global economy, the Kremlin spokesman Dmitry Peskov said. "No doubt, such restrictions will deal additional damage both to bilateral relations …

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2016 marked by crisis for Russians

The crisis, rising prices and the difficult economic situation in the country have been the most significant event of 2016 for 40% of Russians, according to a survey conducted by the research holding Romir. In comparison with 2015, the …

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Nabiullina: closure of banks saves Russia

The closure of weak players in the Russian banking sector in the second half of 2013 - the beginning of 2014 helped to mitigate the effects of external shocks, which hit the country's economy two years ago, the chairman of the Central …

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