Anatoly Aksakov

U.S. focuses its foreign policy on Ukraine's transit

The United States supports maintaining Russian gas transit through Ukraine. Washington calls it "a strategic deterrent to further Russian aggression," the U.S. State Department said in a statement released on the eve of U.S. Secretary …

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50th World Economic Forum being held in Davos

The 50th Annual Meeting of the World Economic Forum is being held in the Swiss resort village of Davos on January 21-24. The WEF has brought together an estimated 3,000 people from 117 countries, including 53 heads of state and …

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Anatoly Aksakov: Russian government needs new blood

Head of the State Duma’s Committee for Financial Markets Anatoly Aksakov, speaking to Vestnik Kavkaza, commented on the resignation of Dmitry Medvedev's Cabinet and President Vladimir Putin's proposal to appoint …

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Russian banks reject more than 60% of loan applications

Russian banks rejected more than six in every 10 loan applications made last year, new data has shown. Only 36.9% of requested loans were granted in in Russia last year, down from 41% the year before, the National Bureau of Credit …

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Russia’s central bank cuts key rate by 1.5% this year

The board of directors of Russia's Central Bank cut the key rate by 0.25 percentage points to 6.25% annually as inflation has slowed down faster than expected, the regulator said in a statement. "Annual dynamics of the consumer …

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Russia's secret of beating recession revealed

Russia has avoided economic recession, Russian President Vladimir Putin said at the closing ceremony of the BRICS Business Forum in Brazil. "We have been carrying out a balanced macroeconomic policy for …

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U.S.-China trade war to be over soon?

China and the United States have agreed to lift tariffs on each other’s goods in phases, Bloomberg reported citing Chinese commerce ministry spokesman Gao Feng. According to The Wall Street Journal, the stage-one …

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IMF - body which is completely out of picture

Sberbank CEO Herman Gref, speaking at the International Organization of Supreme Audit Institutions (INTOSAI) Congress, described the International Monetary Fund (IMF) as the body which is completely out of the picture. …

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Russia’s Central Bank cuts key rate to 7%

The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.00% per annum. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, but inflation …

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Russia's business depression continues

Seventy nine percent of entrepreneurs believe that there are unfavorable conditions for doing business in Russia now, according to the results of the poll conducted by the All-Russian Public Opinion Research Center (VCIOM). The poll …

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Russia becomes leader in dumping dollar

Russia has became one of the main drivers in the process of dedollarization last year, the European Central Bank said in its June report on the strengthening of the role of the euro in the global economy. According to the authors of the …

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What to expect from OPEC+ meeting in July?

OPEC has agreed to move its next meeting to July 1, followed by a meeting with non-OPEC allies on July 2, according to new dates posted on the website of the Organization of the Petroleum Exporting Countries. OPEC and allies were …

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Sberbank sets Russia's record in dividends

The supervisory board of Russia’s biggest lender Sberbank has recommended paying 361.4 billion rubles ($5.62 billion)   in dividends for 2018, CEO German Gref said. The dividend payment will account …

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Russia’s Central Bank keeps key rate at 7.75%

The board of directors of the Bank of Russia decided to keep the key rate at 7.75% per annum, the regulator said in a press release following the board meeting on Friday. "If the situation develops in line with the baseline …

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