Yuri Yudenkov

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Russia's actions to reduce dependence on dollar

Russian Finance Minister Anton Siluanov detailed the actions taken by the government to reduce Russian economy's dependence on the dollar. Siluanov noted that European companies are considering the idea of …

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Russia not to ban dollar use

Russia’s government doesn't plan to restrict dollar usage in the country, but intends to approve a plan to reduce dollar usage, as the Kremlin steps up efforts to cut dependence on the U.S. currency amid fears of new U.S. sanctions. …

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"Russia able to withstand one more economic crisis"

Russia’s National Wealth Fund (NWF) will be able to withstand one more economic crisis amounting to the crisis of 2014, head of the Accounts Chamber and initiator of the Reserve Fund Alexey Kudrin said. "In …

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Will dollar be rejected as global currency?

U.S. actions have provoked a number of countries to switch towards trading in national currencies, and Turkey is actively discussing it with Russia, China and other countries," Turkish President Recep Tayyip Erdogan’s …

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US 'anti-Trump' sanctions against Russia revealed

The Defending American Security from Kremlin Aggression Act of 2018 (DASKAA), aimed at increasing economic, political and diplomatic pressure on Russia in response to Moscow’s alleged continuing interference in US elections, proposes …

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 Russia's central bank extends key rate pause

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25% today again. It was the third consecutive board meeting the bank had decided to hold the key rate, citing risks of higher inflation. …

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EU and China announce WTO reform

European Council president Donald Tusk has called for reform of the World Trade Organization, including new rules on industrial subsidies and intellectual property rights, as Europe tries to form a common front with China against …

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Russians owe banks 13.5 trillion rubles

Russian total banking debt volume increased by 26% from the beginning of this year to 13.49 trillion rubles, according to the National Rating Agency (NRA). The agency said that in the period from January to May the banks' total …

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 Russian financial system stabilizes

Russia's financial system is much more stable than 10 years ago, Russian Central Bank Governor Elvira Nabiullina told a banking congress in St Petersburg. At the same time she noted that some government measures may …

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Russia’s Central Bank pauses key rate cuts

The Board of Directors of the Russian Central Bank decided to keep the key rate at 7.25% per annum, based on the results of its meeting today. "Annual inflation remains low. The April weakening in the ruble against the backdrop of …

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48t World Economic Forum opens in Davos

The 48th World Economic Forum kicks off in Davos today. It will be held amid the most impressive global economic growth over the past ten years and a positive outlook. The forum this year will be visited by a record number of political …

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9th Gaidar Forum starts in Moscow

Today, the 9th Gaidar Forum started at the Russian Presidential Academy of National Economy and Public Administration in Moscow, it will last until 18 January. The key theme of the forum  - 'Russia and the World: goals and …

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 Russia to purchase record volume of dollars

Russia's finance ministry said it will increase its daily purchases of foreign currency for state reserves to the equivalent of 15.1 billion rubles ($265.10 million) between January 15 and February 6. Total purchases for the …

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