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breakingnews
26.03.2009, 16:51
2 comments
Now the U.S. economy is not the dominant one as it has been in the past. Therefore, Roger Munnings, from accounting giant KPMG believes there is a need for more reserve currencies around the world to provide stability.
26.03.2009, 14:08
Russia’s movie industry is already feeling the chill of the economic slowdown and, experts warn, the sector will see the ice age in the near future.
26.03.2009, 10:00
3 comments
A leading economist claims that Moscow's proposal to ditch the dollar as the world's reserve currency will sink the world economy. It comes as Russia's Central Bank says it is pushing ahead with the plans.
15.04.2009, 00:34
The U.S. budget deficit is raising concerns among creditors, with Russian Finance Minister, Aleksey Kudrin, expecting the recession to last 18 months with no progress on cutting the budget deficit for at least 3 years.
12.06.2010, 10:51
3 comments
Higher than expected oil prices have allowed Russia to cover this year's budget deficit, while boosting social spending. That's while neighbouring countries are doing the opposite.
14.10.2010, 13:42
Russia’s Central Bank has opened up the rouble trading range with the aim of reducing its need to intervene, marking further progress towards market mechanisms in managing the Russian currency.
11.08.2009, 20:17
2 comments
2Q data showed Russia's economy is contracting rapidly - while other emerging markets are recovering. The President says its time to change the economic structure, while analysts look for more infrastructure spending.
03.08.2009, 10:34
Gloomy economic statistics and melting reserves are giving rise to fears of another Rouble devaluation, after the currency lost one third of its value earlier this year.
14.04.2009, 16:34
Tuesday’s meeting of Senior Finance Ministry officials reviewed results of 2008 and plans for the coming years, with anti crisis measures in focus.
20.03.2009, 16:38
The announcement by the U.S. Federal reserve that it will spend up to $300 Billion buying U.S. treasuries will take a lot of pressure off the Russian Rouble, and possibly the Russian budget.
Published: 26 March, 2009, 17:23
Amidst calls for a move away from the use of the U.S. dollar as an international reserve currency RT spoke with Elina Ribakova, Chief Economist at Citibank for her thoughts, and also the outlook for the Russian budget.
