Sergey Hestanov

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Russia's inflation reaches record level

Russia has the lowest inflation in 25 years, in the next year it is expected to be 4%, the Russian Prime Minister Dmitry Medvedev said at the 30th meeting of the Foreign Investment Advisory Council (FIAC). "We …

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Russia’s Central Bank rounds up its interest rate to 10%

The board of directors of Russia’s Central Bank has decided to cut its key interest rate by half a percentage point to 10%, citing an inflation slowdown and inflation expectations at the remaining unsustainable economic activity, the …

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Russia to borrow money for budget from abroad

It is time for the Government to take foreign loans as a means of budget replenishment in terms of uncertainty of privatization state plans, financial experts at RANEPA Sergey Hestanov and …

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Future of Russian economy is in reforms, experts believe

The development of the non-oil industry, thus freeing the economic growth of the country from the cost of a barrel of ‘black gold’, as well as the economic reforms that will improve the overall business climate in the country and will …

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Will Brexit hurt Russia?

Britain leaving the European Union would have an impact on the Russian economy and budget since it will lead to fluctuations in the financial markets and will create conditions for the volatility of oil and other assets.  …

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Oil market recovered, but for how long?

Physical balance between supply and demand on the global oil market is now close to equal, Associate Professor of RANHiGS Ivan Kapitonov and Associate Professor of the Stock Markets and Financial Engineering department of the …

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What can revive Russian economy?

At the session of the Economic Council's presidium, held on Wednesday, Russian President Vladimir Putin stated that previously existing sources of Russian economic growth have exhausted themselves, and that is why there is a …

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 Is Russian Central Bank disappointed in reducing key rate?

The Deputy Governor of the Central Bank of Russia, Dmitry Tulin, said that cutting its key rate now would not lead to economic growth in the current conditions. "We consider the impact of monetary policy on the state of the real economy. If we believed that our policy is too tight and it kills the real sector and strangling the economic growth, we would have chosen a different trajectory of the key rate. We believe that cutting the key rate would not lead to economic growth in the current conditions," the first deputy chairman of the Central Bank said.

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Russia's economy about to revive

The European Bank for Reconstruction and Development predicts the transition of the Russian economy from recession to growth already in 2017. According to experts, recession will continue to last this year in the country, as oil prices …

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 Ruble meets May Day with confidence

The Russian ruble is receiving new sources of support for its course ahead of the upcoming May Day, experts predict. The main source of support is the ongoing tax period, when Russian companies are interested in having funds in the …

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 European banks refuse to place Russian government bonds

Major European banks such as BNP Paribas, Credit Suisse Group AG, Deutsche Bank AG, HSBC and UBS Group AG have refused to place Russian state bonds, the WSJ reports with reference to informed sources. It is reported that the banks …

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Will European Central Bank help the ruble?

The European Central Bank's monetary stimulus measures provoked a sharp reaction from the stock and currency markets: the euro exchange rate rose and indexes dropped. The head of the regulator said about the expansion of the …

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 Russia and China ready for ruble-yuan swap

Russia's Central Bank has issued a message about successful completion of the testing of a bilateral foreign-exchange swap line 'yuan-ruble' in cooperation with the People's Bank of China. "The central banks of the …

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Economy is stalling worldwide

Experts of the Organization for Economic Cooperation and Development (OECD) has issued a new forecast of the global economy, which is much more pessimistic than the previous one. 2016 global growth forecast was reduced to 3% [in …

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Ruble sets new anti-record

The ruble exchange rate against the dollar has fallen sharply after the recent growth in the last days. As of 12:52, the dollar increased by 1.59 rubles and was worth 72.28 rubles on the Moscow stock exchange. The euro gained 1.85 rubles and …

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US Federal Reserve System ready to drop ruble

Russian national currency may fall again in the next few days, surpassing the mark of 70 rubles per dollar. Such a scenario would be real if the US Federal Reserve System will decide to raise its key rate from zero. The increase of the …

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