Konstantin Korischenko

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Will dollar be rejected as global currency?

U.S. actions have provoked a number of countries to switch towards trading in national currencies, and Turkey is actively discussing it with Russia, China and other countries," Turkish President Recep Tayyip Erdogan’s …

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Is Russian ruble's new devaluation around the corner?

The ruble sharply fell against the dollar and the euro on the Moscow exchange today on the news of fresh U.S. sanctions over Moscow's alleged poisoning of an ex-spy in Britain. The dollar hit its highest level against the ruble …

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Russians go bankrupt on massive scale

In January-June 2018, 19053 citizens were declared bankrupt by Russian courts. This is 45% more than the same period in 2017, according to the reports of arbitration managers published on the Federal Reserve (the Federal Register on …

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Russia to earn 100 trillion rubles

Russia’s Economic Development Ministry revised its economic forecast. It was presented by Economy Minister Maxim Oreshkin at the State Duma meeting nu budget and taxes. Russia’s gross domestic product was …

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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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Russia’s Central Bank pauses key rate cuts

The Board of Directors of the Russian Central Bank decided to keep the key rate at 7.25% per annum, based on the results of its meeting today. "Annual inflation remains low. The April weakening in the ruble against the backdrop of …

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 Russia's amount of bad assets increases by 137%

The volume of bad assets has continued to grow in Russia's banking system. In recent years, it has more than doubled, according to the Russian Analytical Credit Rating Agency (ACRA). "The number has increased …

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Russia extends timeline for capital amnesty

Russia's State Duma has passed in third and final reading a package of bills extending the timeline for capital amnesty in Russia until February 28 of 2019. The bills are related to an initiative of Russian President …

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Russian banks 'lose' 140 billion rubles

Russian banks' profits declined by 15% to 790 billion rubles, according to the Russian Central Bank. "The number of profitable credit organizations prevails: 420 credit organizations had reported a profit of 1.6 trillion …

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9th Gaidar Forum starts in Moscow

Today, the 9th Gaidar Forum started at the Russian Presidential Academy of National Economy and Public Administration in Moscow, it will last until 18 January. The key theme of the forum  - 'Russia and the World: goals and …

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 Russia to purchase record volume of dollars

Russia's finance ministry said it will increase its daily purchases of foreign currency for state reserves to the equivalent of 15.1 billion rubles ($265.10 million) between January 15 and February 6. Total purchases for the …

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What does 2017 bring for Russian economy?

Transition from recession to modest growth was the main result of Russian economy this year, economists said in an interview with Vestnik Kavkaza, speaking about the most significant economic events of 2017. The advisor on …

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