Reducing oil production in Russia may lower the ruble exchange rate, Oleg Syrovatkin, Lead Analyst, Global Research, Otkritie Investments, says. …
Clients of MFI began to borrow less often for holidays and gifts expenses
Share of clients of microfinance institutions (MFI) who take loans for holidays and gifts expenses reduced almost by 1.5 times …
Russia’s oil and gas dependence grows again
Oil and gas revenues grew by 58% in the second quarter of this year compared to the last on the …
Economists assessed the risks of the world dedollarization
Higher School of Economics predicts dollar will lose its dominant position. According to experts from the HSE, in the medium …
Russian analyst predicts worst crisis in 100 years
Electricity prices in Europe have reached their all-time record after Russian gas supplies dropped. As of July 5, gas futures …
Every third employed Muscovite is under 35
According to the last year’s data, 35% of employed Moscow residents are under 35 years old, the Moscow Government press …
Artem Genkin explains who will take advantage of DeFi
Artem Genkin, Doctor of Economics, President of the NPO “Center for Protection of Bank Clients and Investors,” disagrees with experts …
In Russia, there is a shortage of rooms available in the field of domestic tourism
Tourists heading both south and most popular directions of the central part of Russia faced a shortage of rooms available. …
Ruble-yuan trading volumes hit record high
In June, Russians’ operations with the yuan grew by 16 times. The Chinese currency trading volumes reached 5.4 bln yuan …
Siluanov explains how the ruble’s devaluation can strengthen the economy
Finance Minister Anton Siluanov said that the ministry is considering a foreign exchange market intervention to stabilize the ruble. This …