Regional News

29.06.2022

Sanctions push BRICS states towards closer ties

Ukraine-related Western sanctions are pushing BRICS countries into closer economic cooperation at an accelerated pace, Russian Finance Minister Anton Siluanov said on Saturday during the first meeting of finance ministers and central bank governors of the BRICS countries, chaired by China.

According to the finance minister, the “current crisis is man-made,”...

Ukraine-related Western sanctions are pushing BRICS countries into closer economic cooperation at an accelerated pace, Russian Finance Minister Anton Siluanov said on Saturday during the first meeting of finance ministers and central bank governors of the BRICS countries, chaired by China.

According to the finance minister, the “current crisis is man-made,”...

29.06.2022

Russia adds billions to emergency spending fund

Russia has increased its reserve fund used for emergency spending by 273.4 billion rubles ($3.52 billion), the government announced on Sunday.

“The funds, among other things, will be used to implement measures aimed at ensuring economic stability in the light of external sanctions,” the press service of the Cabinet of Ministers...

Russia has increased its reserve fund used for emergency spending by 273.4 billion rubles ($3.52 billion), the government announced on Sunday.

“The funds, among other things, will be used to implement measures aimed at ensuring economic stability in the light of external sanctions,” the press service of the Cabinet of Ministers...

29.06.2022

Russia cuts base interest rate

The Russian central bank sharply cut its key rate to 17% on Friday and said future cuts were possible, as emergency steps had contained the risk to financial stability, brought deposits back to banks and helped limit the threat of inflation, it said.

Last month, the central bank kept its key...

The Russian central bank sharply cut its key rate to 17% on Friday and said future cuts were possible, as emergency steps had contained the risk to financial stability, brought deposits back to banks and helped limit the threat of inflation, it said.

Last month, the central bank kept its key...

29.06.2022

Russia eases rules on foreign currency

The Bank of Russia is lifting temporary capital control measures that banned individuals from buying foreign currency, the central bank said in a statement on its website on Friday.

Starting April 18, Russian citizens will once again be allowed to buy foreign currency at banks, as well as withdraw funds from...

The Bank of Russia is lifting temporary capital control measures that banned individuals from buying foreign currency, the central bank said in a statement on its website on Friday.

Starting April 18, Russian citizens will once again be allowed to buy foreign currency at banks, as well as withdraw funds from...

29.06.2022

Russia's forex reserves return to growth

Russia's foreign currency reserves increased by $2.1 billion, or 0.3%, in the week ending April 1, the Bank of Russia announced on Friday. The country's forex holdings amounted to $606.5 billion, data published on the website of the regulator shows.

The central bank regularly publishes updates on its reserves with a...

Russia's foreign currency reserves increased by $2.1 billion, or 0.3%, in the week ending April 1, the Bank of Russia announced on Friday. The country's forex holdings amounted to $606.5 billion, data published on the website of the regulator shows.

The central bank regularly publishes updates on its reserves with a...


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