Russian Finance Ministry

Why did Russia’s rating grow?

According to Reuters, ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable. Fitch, which also affirmed Russia’s rating at “BBB-”, said …

Why does Russia need ruble to be stable?

The Russian government along with the Central Bank are preparing a joint strategy to tackle ruble long-term volatility, the First Deputy Prime Minister of Russia, Igor Shuvalov, told Bloomberg. "It is obvious …

Will 1998 crisis happen again in Russia?

Russia's budget must be agreed with the current economic situation, otherwise spontaneous "adjustment" may negatively affect the population through high inflation, as it happened in 1998 Russian financial crisis, Russian Finance …

 Will we see dollar for 100 rubles?

Against the background of the continuing drop in oil prices, a barrel of which costs less than $ 38, a likelihood of a new collapse of the Russian national currency up to 100 rubles per dollar, which is more than even in the worst days of …

Russia might invest $2 billion in Iranian projects

Russia and Iran held a meeting in Moscow, where the sides discussed the possibility of financing of $ 2 billion to the Iranian projects, Russian Finance Minister Anton Siluanov said on the sidelines of the G20 summit. …