Maxim Safonov

 Russia's central bank promises key rate of 6%

Russia's Central Bank expects that the key rate will stabilize at 6% after reaching this level in 2019, the deputy director of the Monetary Policy Department of Russia's Central Bank Andrey Lipin said, speaking at …

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Is EEU returning to single currency unit?

The Eurasian Development Bank proposed the Eurasian Economic Union (EEU) member countries to create a single currency unit for calculations, the Director of the Centre for Integration Studies at the Eurasian Development Bank Evgeny …

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Russian economy wants dollar to be cheap

According to a survey conducted by the Gaidar Institute among heads of Russian industrial enterprises in March, 52 rubles per dollar is the exchange rate of the national currency, which is optimal for the Russian industry. …

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Economic optimism prevails in Russia

The share of Russians expecting economic stabilization in the near future increased to 32.4% in March, according to the results of the RANEPA survey, the Izvestia newspaper reported. In March 2015, it was expected by 24% of respondents, …

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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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Oil prices fall to $30 per barrel

Oil prices continue to fall on the world markets. As of 07:45 the crude oil futures of WTI decreased in price by 1.45%% to $30.95 per barrel, Interfax reports. According to TASS, the price of a barrel of Brent crude dropped 8%, …

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Has Ukraine doomed itself to default?

Ukrainian Prime Minister Arseniy Yatsenyuk said that the government has imposed moratorium on payment of the debt to Russia, the deadline of which will expire on 20 December. "Due to the fact that Russia has …

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Dollar – 70 rubles, Euro – 80 rubles

The ruble exchange rate is continuing its fall. As of 10:05 on the Moscow stock exchange dollar went up by 1.47 rubles, and now stands at 70.58 rubles. The euro reached a level of 80.80 rubles, adding 2.16 rubles since the …

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