Higher Oil Prices Erase Russian Budget Deficit
Higher Oil Prices Erase Russian Budget Deficit.
Higher Oil Prices Erase Russian Budget Deficit.
With the Russian economy still teetering on the edge of positive growth, and with oil prices remaining in the $60 range, the Russian Finance Ministry plans to issue additional eurobonds this year to take advantage of market demand and fill holes in the federal budget. Russia has a reputation of…
Image by Hellerick The Russian Federation’s sovereign debt was upgraded to investment grade on Friday by the rating agency S&P, to BB+, stable outlook. Funny Russian Central Bank Video: You’ve Never Seen New Bank Notes Promoted Like This…Guaranteed “Fitch Ratings, which already has an investment-grade score for Russia, on Friday…
Screenshot Russian Central Bank Video It seems people in Siberia are wary of taking new Russian bank notes with images showing the newly annexed Crimean peninsula and the Russian Far East (RFE). Indeed, a local news crew released a video online showing clerks at a Siberian store refusing to accept…
Russian Prime Minister Dmitry Medvedev announced that 8 billion rubles of unallocated subsidies will most likely be added to the Reserve Fund this year. At the current exchange rate, the amount is equivalent to about $140 million. “It has been proposed to boost the fund by another 8 bln rubles…
After experiencing a steady increase over the last year from its low of 80 to the USD to a high of 56, the Russian ruble sank on international exchanges after yesterday’s airstrike on Syria by the Trump administration of the United States. Upon writing this article, the ruble was trading…
Russia unexpectedly cut its short-term interest rates by 25 basis points to 9.75% as inflation had subsided faster than had been foreseen. Most economists had expected the Bank of Russia to keep rates where they were. The cut was the first in seven months. The most likely reason for the…