Yuri Yudenkov

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Will Russian economy start to grow?

Russia's economy may grow 1.1% this year and 1.5% next after contracting in 2016, a Bloomberg survey of 39 economists shows. Earlier, Economy Minister Maxim Oreshkin said that Russia's economy could …

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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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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 …

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Russian government to deal with incomes of Russians

The main task of the Russian government at the moment is the restoration of incomes of the population, which strongly declined in recent years, the Russian Deputy Prime Minister Olga Golodets said at the Gaidar Forum today. …

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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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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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 Ruble sets new record in 2016

As of 10:42 am (MSK), the dollar exchange rate was worth only 62.585 rubles at the morning trading session, and shortly before - 62.4375 rubles, which was a record for ruble this year. For the last …

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Russians have lost faith in ruble

The Russian Central Bank published the results of a poll conducted by the inFOM company, according to which only 13% of Russians expect that the ruble will strengthen against the dollar within a year - a similar level of pessimism has …

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CB RF begins to save Russian banks personally

Russian Central Bank has introduced a new scheme of redevelopment of Russian banks in order to ‘remedy’ financial institutions through the consolidation foundation of the banking sector. It will allow …

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Will state begin to control expenses of Russians?

The Russian Ministry of Finance and the Federal Tax Service (FTS) are discussing the possibility of introducing the control of massive expenditure among population, the Vedomosti newspaper reports with reference to federal officials that the idea …

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 Russians hope that government to help them during crisis

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll to find out the significance of material and financial reserves for Russian people. According to its findings, 66% of respondents did not save …

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Bank of Russia predicts decline in inflation

The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …

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Will Russia create its own offshore zone?

An offshore zone can be established in Russia, the presidential envoy to the Far East Federal District, Deputy Prime Minister Yury Trutnev, said after a meeting of the supervisory board of the Free Port of Vladivostok. …

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Ulyukayev tells what Russia should do next

The Russian Minister of Economic Development Alexei Ulyukayev published an article titled 'What to do next? in the Vedomosti newspaper today. He outlined there his program of actions which would allow the Russian economy to grow every year by 7%, as it was in the early 2000s. The Minister bases his arguments on the premise that the world economy has changed dramatically and only those developing countries that are able to adapt to these changes will keep high growth rates. "In this situation, Russia's economic policy should be aimed at increasing the potential growth, which can be achieved through better use of labor resources, accumulation of capitals through the growth of investments and increasing productivity," Ulyukayev believes.

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Ruble falls sharply after holidays

Ruble, which previously steadily increased, dropped during today's tradings on the Moscow stock exchange that resumed after a break for May holidays. As of 22:15, the dollar costs 66.6 rubles, rising by 1.97 rubles in a day. …

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