Regional News

06.04.2020

Hole in Russia’s state budget due to oil crisis set to reach $726m

Russia’s Finance Ministry expects the federal budget’s shortfall in oil and gas to amount to 55.8 billion rubles ($726 million) due to the drop in oil prices, a statement on the ministry’s website said.

According to the ministry, in March the gap between the actually received oil and gas revenues...

Russia’s Finance Ministry expects the federal budget’s shortfall in oil and gas to amount to 55.8 billion rubles ($726 million) due to the drop in oil prices, a statement on the ministry’s website said.

According to the ministry, in March the gap between the actually received oil and gas revenues...

06.04.2020

Manufacturing sector in Russia continues contraction in March

Manufacturing activity in Russia in March decreased at its sharpest pace since November as the coronavirus outbreak and falling client demand affected production IHS Markit’s Markit Purchasing Managers’ Index (PMI) showed on Wednesday.

This marks the 11th straight monthly decline in the sector. The index measuring factory activity fell to...

Manufacturing activity in Russia in March decreased at its sharpest pace since November as the coronavirus outbreak and falling client demand affected production IHS Markit’s Markit Purchasing Managers’ Index (PMI) showed on Wednesday.

This marks the 11th straight monthly decline in the sector. The index measuring factory activity fell to...

06.04.2020

Russian government approved imposition of the quotas for grain exports

The Government of the Russian Federation approved imposition of the quotas for the exports of grain crops from the country at the level of 7 mln tonnes since April 1, 2020. The decree #385 dd. March 31, 2020, fixed the government decision. On April 2, the authorities published the decree...

The Government of the Russian Federation approved imposition of the quotas for the exports of grain crops from the country at the level of 7 mln tonnes since April 1, 2020. The decree #385 dd. March 31, 2020, fixed the government decision. On April 2, the authorities published the decree...

06.04.2020

Russian currency, stocks strengthen with end of oil “price war” on the horizon

 The Russian rouble firmed slightly on Friday, finishing a volatile week higher thanks to a surge in oil prices on hopes of a new global deal to cut global crude supply.

At 1518 GMT, the rouble was up 0.4% against the dollar at 77.01 and had gained 0.9% to trade at...

 The Russian rouble firmed slightly on Friday, finishing a volatile week higher thanks to a surge in oil prices on hopes of a new global deal to cut global crude supply.

At 1518 GMT, the rouble was up 0.4% against the dollar at 77.01 and had gained 0.9% to trade at...

06.04.2020

Chinese shares close lower Friday

Chinese stocks closed lower Friday as market sentiment remained cautious over the global spread of the novel coronavirus.

The benchmark Shanghai Composite Index went down 0.6 percent to end at 2,763.99 points, and the Shenzhen Component Index closed 0.68 percent lower at 10,110.11 points.

Combined turnover of stocks covered by the two...

Chinese stocks closed lower Friday as market sentiment remained cautious over the global spread of the novel coronavirus.

The benchmark Shanghai Composite Index went down 0.6 percent to end at 2,763.99 points, and the Shenzhen Component Index closed 0.68 percent lower at 10,110.11 points.

Combined turnover of stocks covered by the two...


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