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Economics |  18.10.21

Russia Occupied Third Place in Bitcoin Global Mining Rates

Russia is now ranked as the world’s third-biggest bitcoin miner, with the country being responsible for 11.23 per cent of the global “hash rate”, according to the University of Cambridge statistics.  The first place in the rating is taken by the US, which accounted for 35.4 per cent of the world’s bitcoin mining power and

Economics |  13.10.21

Global Energy Crisis Made Russia Most Promising Investment Target  

The Russian ruble has strengthened more than all other currencies in emerging markets and the country’s securities are showing excellent performance. All this happens amidst the stock prices of other developing countries are falling. The sharp increase in energy prices leads to a rise in rates on exporters from developing countries, so Russia is becoming

Business |  Economics |  04.10.21

Ruble Became Only Major World Currency Strengthened Against Dollar in September

The Russian ruble reportedly became the only emerging-market currency to appreciate against the US dollar despite Washington’s threat of expanded curbs on purchasing the country’s state debt.   “In September, the currencies of developed markets fell by up to 2 per cent against the dollar, while some currencies of emerging markets, including Brazilian real, Hungarian forint,

Business |  Economics |  17.09.21

Russia Allocated Almost 3 Trillion Rubles to Support Economy in Pandemic

During the coronavirus pandemic, Russia allocated about 3 trillion rubles to support citizens and the economy, which is more than 4.5 per cent of the country’s GDP, according to the country’s President, Vladimir Putin, at the summit of the Shanghai Cooperation Organization (SCO), TASS reports.  “Russia has allocated about 3 trillion rubles, and this, to

Business |  Economics |  15.09.21

Russian Ruble Included in Top 20 World Currencies

The Russian ruble occupied the 20th place with a share of 0.18 per cent in international settlements. Previously, the Russian national currency has already appeared in the rating in December 2016, also in the 20th place, RT reports.    According to the rating, the most popular global currency is the US dollar with a 39.38

Business |  Technology |  14.09.21

Digital Ruble to Become Official Form of Russian Money by 2030

The launch of the third form of money issued by the Bank of Russia, the digital ruble, will be one of the key projects in the field of digitalization of the country by 2030, TASS reports with reference to the Strategy for the Development of the Financial Market until 2030 presented by the Ministry of

Insight |  Trading |  10.09.21

Experts Named Moscow Streets With Most Expensive Housing

The first place in the rating of Moscow streets with the most expensive offer of flats (both, secondary and primary markets) is occupied by the Ordynsky Dead End. The average price of 1 sq. m. there is 2.96 million rubles, and only one lot is on sale on the secondary market in the Barkli Gallery

Business |  Trading |  09.09.21

Wildberries Tripled Number of New Sellers

The number of new entrepreneurs on the Wildberries online platform for January-August 2021 was three times higher than for the whole of 2020, TASS reports with reference to the press service of the company.     In the eight months of 2021, more than 207 thousand entrepreneurs started selling their goods on Wildberries international online shopping

Business |  Economics |  08.09.21

Kremlin Spokesman: Russia is Not Ready to Recognize Cryptocurrencies

Russia is not ready to recognize cryptocurrencies, as equating cryptocurrency with money would harm the country’s financial system, as stated by the Press Secretary of the Russian President, Dmitry Peskov, RT reports. “It is certain that Russia is not ready for such steps. So far there is not the slightest reason to [recognize cryptocurrencies],” Peskov

Business |  Economics |  08.09.21

International Reserves of Russia Updated Historical Maximum

The international reserves of the Russian Federation from August 20 to 27 increased by 3.4 per cent and amounted to $615.6 billion, updating the historical maximum, PRIME reports with reference to the materials of the country’s Central Bank.   It is specified that the previous record was set by the Central Bank on May 28, when