The Russian ruble has had a nice run over the past few months, surging from its low of around 80 to the USD, to a recent 58 handle. There have been many factors supporting the currency, not the least of which is a surging Russian economy, pulling its way out…
Belarus Urges Moscow To Exclude “Bookkeeping” From Relationship With Minsk.
Russia has exited recession, with a little help from the boys in uniform, a major statistical revision – and the global oil price. And not just any recession, but its longest in two decades. So what happened? To Read More Visit Bloomberg
The Head of Russia’s Center for Strategic Research (CSR), and ex-Finance Minister Alexey Kudrin, warned that the price of crude oil could slide below the psychological and financial support level of $55 in a year’s time. “I’ve repeatedly said that the oil price will be hovering between $40 and $60…
Russia’s macro statistics in January demonstrated overall positive dynamics, which confirms the continuation of the economic recovery… To Read More Visit Seeking Alpha
Residents of Zharrez village, in Patos Municipality, have chosen an extreme action to highlight their plight. On February 21, they started marching towards the capital city, Tirana, in an almost marathon-like journey. This escalation of measures against the government comes after a strike that lasted for more than 20 days…
President of Belarus, Lukashenko has stressed the importance of replacing supplies of Russian oil with other fuels. “There is no disaster, but the reduction of oil supplies from the Russian Federation should be replaced by alternatives”, – quotes Agency “BelTA”. Lukashenko reminded that these issues were raised at the…
Western Companies Chomping At The Bit To Reinvest In Russia Says Official At Davos.
The Russian government has decided to borrow on the international debt market to fill an expected hole in the federal budget in 2017. A $3 billion Eurobond offered will most likely be floated in the spring. Finance Minister Anton Siluanov said to reporters recently that increased oil revenues will not…
During her speech at the Gaidar Forum, the head of the Account Chambers of Russia, Tatyana Golikova, bemoaned that the effectiveness of public investment in Russia has dramatically decreased. “It seems that during the crisis periods 2014, 2015, 2016 the state would allocate funds for investment, but what is…