Regional News

19.03.2024

Russian market defies sanctions pressure and weak oil

The Russian stock market was trading on the positive side on Monday. By 14:25 Moscow time, the Moscow Exchange index rose by 0.5% to 3,340.37 points, the RTS index grew by 0.6% to 1,159.06 points.

The issue of sanctions is holding back the growth of indices. In fact, the risks are...

The Russian stock market was trading on the positive side on Monday. By 14:25 Moscow time, the Moscow Exchange index rose by 0.5% to 3,340.37 points, the RTS index grew by 0.6% to 1,159.06 points.

The issue of sanctions is holding back the growth of indices. In fact, the risks are...

19.03.2024

Russian companies find alternative channels for cross-border transfers

Businesses have found alternative channels for settlements with foreign counterparties. SWIFT was replaced by branches of Russian banks abroad, accounts of foreign banks in Russia, direct bank payments, intermediary mechanisms, including through trading houses, and offsets of counterclaims. Angelina Akimenko, Director for Advanced Financial Technologies of the Russian Export Centre,...

Businesses have found alternative channels for settlements with foreign counterparties. SWIFT was replaced by branches of Russian banks abroad, accounts of foreign banks in Russia, direct bank payments, intermediary mechanisms, including through trading houses, and offsets of counterclaims. Angelina Akimenko, Director for Advanced Financial Technologies of the Russian Export Centre,...

19.03.2024

Moscow concludes about 80% of contracts for purchase of domestic products on supplier portal

The capital concludes about 80% of contracts for the purchase of Russian goods on the supplier portal, said Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

“In 2023, Moscow customers concluded 130.4 thousand contracts on the supplier portal for the purchase of various products. These...

The capital concludes about 80% of contracts for the purchase of Russian goods on the supplier portal, said Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

“In 2023, Moscow customers concluded 130.4 thousand contracts on the supplier portal for the purchase of various products. These...

19.03.2024

National debt of developed countries doubles over 15 years

By the end of 2023, the total debt of OECD countries amounted to $54 trillion, which is $30 trillion more than it was 15 years ago, in 2008, the organisation calculated. According to analysts’ forecasts, in 2024 the figure will increase further to $56 trillion.

More than half of the debt...

By the end of 2023, the total debt of OECD countries amounted to $54 trillion, which is $30 trillion more than it was 15 years ago, in 2008, the organisation calculated. According to analysts’ forecasts, in 2024 the figure will increase further to $56 trillion.

More than half of the debt...

19.03.2024

Russian market consolidates after week of growth

The Russian stock market on Tuesday, March 12, froze near zero levels since the very morning. The day before, the rouble indicator rose for the eighth trading session in a row and reached a new two-year high. Therefore, the current movement is a natural consolidation; investors are taking a break,...

The Russian stock market on Tuesday, March 12, froze near zero levels since the very morning. The day before, the rouble indicator rose for the eighth trading session in a row and reached a new two-year high. Therefore, the current movement is a natural consolidation; investors are taking a break,...


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