Traders are betting that the Bank of Russia will put interest rate cuts on hold after the ruble’s 9% slump against the dollar in the past three months. Forward-rate ... Read More
Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into ... Read More
International firms can use new laws to establish an offshore domicile and thereby bypass sanctions. The Russian parliament’s upper chamber has approved a package of laws to enable Russia-controlled ... Read More
New research by the Austrian Institute of Economic Research (WIFO) suggests the EU’s economic sanctions against Russia introduced three years ago have cost European countries billions of euro. The survey, ... Read More
Russia has plans to introduce its own digital currency running on blockchain technology, according to First Deputy Prime Minister Igor Shuvalov. The FSB “is actively working at the international ... Read More
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. Brent ... Read More
Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. ... Read More
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in ... Read More
If the government raises value added tax and the central bank sees inflation risks from the move, it would be logical for the bank to keep interest rates higher ... Read More
Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia ... Read More
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