The downward trend in export volumes continues. The Bank of Russia experts predicted two possible future scenarios at their key …
Russia’s oil exports decrease in 2023
During an open dialogue in the Federation Council, Deputy Prime Minister Alexander Novak stated that in 2023, Russia’s oil exports …
Russians bought 95 metric tons of physical gold in 2023
Deputy Finance Minister Alexei Moiseyev told reporters that individuals purchased 95 metric tons of gold in Russia in 2023, or …
Russia is ready to switch to barter
Ministry of Economic Development of the Russian Federation, at the request of the business, prepared step-by-step instructions on conducting foreign …
Prime Minister discusses economic effects of using artificial intelligence
The gains from using artificial intelligence (AI) in the economy and public administration in Russia totaled about 1 tln rubles, …
Will tighter conditions harm preferential mortgage program beneficiaries?
The recent revision of the Russian Government’s preferential mortgage program has limited investor access to low-interest loans, but is unlikely …
Another 17 banks will join the digital ruble pilot project
Sber, Tinkoff and 15 other banks will join the digital ruble pilot project. The Bank of Russia notes that banks …
Putin makes statement on inflation
Russian President Vladimir Putin said in a recent statement that it is important to focus on holding down prices. He …
Marketplaces reduce the popularity of cash
Electronic money has already practically saved Russians from the need to contact the bank to open a deposit, transfer or …
National Wealth Fund closes euro holdings
Russia’s National Wealth Fund (NWF) has sold all of its euro-denominated assets, the Finance Ministry announced adding that the Central …