Latest News Economics
Business |  Trading |  26.12.22

Russia Increased Food Exports to Friendly Countries by 25% 

Russia has increased food supplies to friendly countries by 25 per cent this year, the Deputy Prime Minister, Victoria Abramchenko, said in an interview with Rossiya 24 TV channel.  “We will continue this work,” Abramchenko said. As Abramchenko stressed, surpluses are sold abroad, and the priority for the industry is the implementation of the doctrine

Business |  Trading |  23.12.22

Kremlin Put New Restrictions for Gazprom

The decree of Russian President, Vladimir Putin, sets for Gazprom restrictions on the purchase of gas from joint ventures with European companies. However, it is not a response to the ceiling of fuel prices, as explained by the Kremlin Spokesman Dmitry Peskov. According to Peskov, the document concerning Gazprom is a reaction to the actions

Business |  Economics |  23.11.22

Russian Authorities Supported Introduction of Islamic Banking

The Ministry of Finance of Russia has approved the idea of introducing Islamic banking. It goes about a type of banking activity that assumes the absence of any interest income. The decision of the department to support the bill was announced by the Deputy Head of the Ministry Aleksey Moiseev.  “We support […] There are

Insight |  Economics |  19.09.22

Russian Expert Revealed Who Has Largest Pension

The Deputy Dean of the Faculty of Economics of the Peoples’ Friendship University of Russia, Elena Grigorieva, in an interview with the Prime agency, named top professions in Russia with the biggest pensions.  The expert recalled that the Federal Statistics Service (Rosstat) conducts quarterly and annual monitoring of average pension sizes in the country by

Business |  Economics |  03.08.22

Moscow Stock Exchange Started Trading Bonds in Chinese Yuan

On August 3, the Moscow Exchange began trading bonds with settlements in Chinese yuan. The new instruments are aimed at the widest range of investors using the Chinese currency and financial products denominated in it.  The first securities available to investors were two issues of 5-year Rusal (Russian aluminum company, one of the world’s largest

Business |  Economics |  07.07.22

Russian Economy Appeared to Be More Stable Than West Expected

Russia seems to be on the way to a much smaller recession than initially expected this year, Bloomberg reported on Wednesday, July 6, citing experts. According to them, the growing oil supplies have weakened the impact of US and EU sanctions.  According to the publication, economists from JPMorgan Chase, Citigroup and other major banks are

Canada Blocked Russian Assets Worth $123 Million

The Canadian police froze Russian assets totaling $123.031 million in the period from February 24 to June 7, 2022. This was announced on Thursday, June 9, by the Royal Canadian Mounted Police.  “From February 24 to June 7, Russian assets totaling $123 million were frozen. Transactions totaling $289 million were also blocked,” the document says.

Business |  Economics |  26.05.22

Russia’s Frozen Reserves Appeared to Be Smaller Than Expected by EU

The EU has frozen roughly €23 billion worth of assets of the Russian Central Bank, Reuters reported, citing EU Justice Commissioner, Didier Reynders, who revealed the figure at a news conference on Wednesday, May 25, 2022. He noted that the amount is much smaller than expected and can’t be compared to the assets frozen by

Business |  Economics |  26.05.22

‘United Russia’ Proposed Creating Special Economic Zone in Donbass

The ‘United Russia’ party proposed discussing the possibility of creating a Special Economic Zone in Donbass.   “We propose to work out the possibility of creating a Special Economic Zone on the territory of Donbass, as well as to ensure the return of a certain share of capex during the construction of production facilities,” Secretary of

Business |  Economics |  25.05.22

Russia Entered Top 3 European Countries With Most Affordable Gas

Russia took the second place in the ranking of countries on the cheapness of gas for the population. Kazakhstan occupied the first place and Belarus took the third, according to the RIA Novosti study.  To assess the cost of gas for the population, the RIA Rating experts analyzed its prices in rubles. In addition, the