Russian Farmers Avoid Ruble, Use Cryptocurrency To Thrive
Russian Farmers Avoid Ruble, Use Cryptocurrency To Thrive.
Russian Farmers Avoid Ruble, Use Cryptocurrency To Thrive.
Higher Oil Prices Erase Russian Budget Deficit.
“Toxic Assets”: Ruble Crashes, Russian Stocks Plunge Most In 4 Years After US Sanctions.
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…
Russia’s Inflation Hits Historic Low in October.
Cleaning up the Russian banking sector is likely to take between one and two years, Elvira Nabiullina, chairwoman of the Central Bank of Russia, was cited as saying by the Vedomosti business daily Nov. 2. Otkritie Bank Rescued By Russian Central Bank Over the last four years, the regulator has…
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…
The Russian Minister of Economic Development, Maxim Oreshkin, said last week that the Kremlin expects the price of crude oil to weaken again to the $40 area and stay there. “The basic precondition from the standpoint of oil price is that oil prices will drop to $40 per barrel in…
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…