Since both Russia and the European Union are not dollar-based, it would be more beneficial for both to switch to euro in energy resource trading, Russian Economic Development Minister Maxim Oreshkin said. He said that …
The U.S. Federal Reserve raised its benchmark interest rate a quarter-point but lowered its projections for future hikes. As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25% to 2.5%. The …
Russian President Vladimir Putin has called on the United States to abandon the policy of unilateral sanctions and seek common ground. "We are ready for that, we want that," the head of state noted. "I …
Russian banking system is experiencing massive outflow of foreign currency from individuals' deposits
Will European leaders want to promote Juncker’s idea of strengthening EU sovereignty by raising the international role of the euro?
Russia's finance ministry expects the plan for Russian economy's de-dollarization to be adopted before end of 2018, Russian Deputy Finance Minister Alexei Moiseev said. Moiseyev said that the de-dollarization …
The ruble exchange rate has started to increase on the Moscow stock exchange today. The dollar exchange rate declined by 0.37 rubles and was worth 65.74 rubles, while the euro dropped 0.40 rubles and was worth 76.02 rubles. …
The ruble exchange rate began to decline on the Moscow stock exchange today. The dollar exchange rate increased by 0.47 rubles and was worth 67.06 rubles, while the euro rose 0.43 rubles and was worth 77.14 rubles. Brent oil …
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 …
Russia could expand the use of rubles for international settlements but it was unlikely to ban U.S. dollars, chief executive of VTB Andrei Kostin said. "Wider usage of the ruble... gives more business to the …
The possible new sanctions against Russia by the U.S. and UK, after the Netherlands claimed that the Dutch military intelligence and security service had allegedly prevented an attack by Russian hackers against the OPCW, the Russian national …
The plan on the de-dollarization of the country's economy had been prepared and sumbitted to the government, the country's First Deputy Prime Minister and Finance Minister Anton Siluanov said.
The de-dollarization plan for the Russian economy does not apply to currency held at deposits with Russian banks, the country's First Deputy Prime Minister and Finance Minister Anton Siluanov said on the air with Rossiya 1 TV …
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. …
De-dollarization of the Russian economy is a length process, Kremlin spokesman Dmitry Peskov said. The spokesman stressed that Russian president Vladimir Putin was a longstanding supporter of the …
Russian experts believe that moving away from dollar will present certain difficulties
According to Vnesheconombank Deputy Chairman Andrey Klepach, the Central Bank of Russia may cancel the moratorium on purchasing of the dollars at the domestic market by the end of the year. "This is justified, because it is an …
More and more countries in Asia and Europe are seeking an alternative to the US dollar, Kremlin spokesman Dmitry Peskov said. The spokesman noted that Washington has been undermining trust in what has been the …
Kremlin spokesman Dmitry Peskov said Friday that the credibility of the dollar is decreasing, thus making other countries wish to replace it with other currencies. At the same time, Russian authorities currently have no …
The European Union wants to bolster the global role of the euro as part of an effort to avoid being pushed around by President Donald Trump, whose foreign policy actions are increasingly at odds with its trans-Atlantic partner, …
