Sergey Hestanov

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Does ruble reach its maximum?

Today's trading on the Moscow stock exchange resulted a sharp decline in the dollar and the euro exchange rates against the ruble. As of 10:40 (MSK), the euro exchange rate fell below the level of 60 rubles, and as of 11:40 it …

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What will happen to ruble without US sanctions?

If the US eases the sanctions, the Russian currency would appreciate 5% to 10%, according to 27 economists surveyed by Bloomberg, with 41% of respondents predicting a gain of 1% to 5%. However, the probability that the US president …

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Dollar back at 60

Today during trades on the Moscow Stock Exchange the dollar passed psychological barrier of 60 rubles per $1. For some time the US currency drifted around 59,9-60,05 rubles per $1, but then went up, gaining almost 1 ruble since trades …

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Ruble strengthens during New Year holidays

While Russia was celebrating the New Year, the Russian national currency has been steadily growing, partly ceased to be dependent on oil prices and the dollar due to the rise in the US Federal Reserve's rate. On January 3, the …

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 Russia to celebrate New Year with 10% key rate

The Board of Directors of the Russian Central Bank has decided to keep the key rate at 10% per annum at the today's meeting. According to the regulator’s press release, the dynamics of inflation and economic activity in …

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Dollar exchange rate approaches 60 rubles

There was a sharp decline in the dollar and the euro exchange rates today on the Moscow stock exchange. Dollar fell below 62 rubles for the first time since October and then updated its minimum of 2016, while the ruble rose against the …

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Russia and Turkey ready to trade in national currencies

Russia is ready to trade with Turkey in rubles and liras, Russian Central Bank reported today. "There are no legal and technical obstacles for residents of Russia and Turkey to trade in national currencies. There is no need to sign a …

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 Shuvalov: worst for Russian economy in past

The worst times for the Russian economy are in the past, the First Russian Deputy Prime Minister Igor Shuvalov said at the Russia-Singapore business forum. "We believe that the worst times for the Russian economy …

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Russian Central Bank: ruble stabilizes

The volatility of the ruble has dropped significantly due to declining volatility of oil futures and returned to the level of the summer of 2014, the Bank of Russia reports. The regulator also noted that this month the market …

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Is Trump's victory springboard to global economy?

Global markets are shivering due to the sensational victory of billionaire Donald Trump in the US presidential elections: yesterday's morning they fell sharply, and then started to grow in the evening. In this regard, Vestnik Kavkaza asked …

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Russian economy to start growing in 2017

The Russian economic situation improved in 2016 as compared with the last year, and the economy will expand about 1% in 2017, the Economic Development Minister Alexei Ulyukayev said at a meeting with Italian businessmen. …

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World oil prices to be 'frozen'

All of OPEC countries as well as independent exporting countries, including Russia, supported freezing oil output, OPEC Secretary-General Mohammed Barkindo said. "All of OPEC’s 14 members as well as …

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Russian Central Bank keeps key rate at 10%

The Board of Directors of Russia’s Central Bank has decided to maintain its key rate at 10%, the bank said in its press release. The regulator finds it necessary to keep the key rate on the current level until the end of 2016 to …

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