Vasily Yakimkin

What are Russians afraid of?

Russian citizens have recently become more afraid of the potential for armed conflict and rising prices, according to the results of a public opinion poll, conducted by the All-Russian Public Opinion Research Center (VCIOM). "The …

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Oil breaks the ruble

Russian national currency rate began to drop today following cheap oil prices, which dropped to $47.2 per barrel. The dollar rose to 58 rubles, while the European currency exceeded psychological mark of 65 rubles for the first time since February …

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Siluanov: Russia to face difficult years

Russia will face difficult times in 2018 and 2019, the head of the Russian Ministry of Finance Anton Siluanov said on the sidelines of at the St. Petersburg International Economic Forum. "We will have to go …

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Do Russian people start to trust banks?

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll, according to which results, the majority of Russians (52%) believe that now it is better to deposit available funds into a bank account (41% of Russians …

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Russian banks divided into basic and universal

Russian President Vladimir Putin signed a law on the division of banks according to the list of permitted operations, depending on their license. The document was posted yesterday on the official web portal of legal information. …

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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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Sberbank becomes most valuable Russian bank

Sberbank became the only Russian brand in the Top100 of the banking rating and the only Russian banking brand in the Brand Finance Global 500, its brand value has increased by 33% over the last year (almost 570 billion rubles).  …

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Will Trump bring US dollar down?

US President President Donald Trump believes the US dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. Trump, in an interview with The Wall Street Journal, said …

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Dollar to hit parity with euro in 2017

The dollar is likely to hit parity with the euro during 2017 driven by diverging paths for interest rates, according to Goldman Sachs' chief economist. The Federal Reserve is likely to hike interest rates three times in 2017, …

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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 buys dollars

In September and October 2016, Russians spent 5.4% of their income to purchase foreign currency, which is the highest indicator of currency purchases among population since December, 2014, according to data of the Federal State Statistics …

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Russia prepares to neutralize cyber attack

Russia's intelligence agency (FSB) said it had uncovered a plot by foreign spy agencies to sow chaos in Russia's banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust. The …

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