Rouble in the spotlight
Published: 18 December, 2008, 14:12
RT’s Spotlight has interviewed Aleksey Ulyukaev, Deputy Chairman of the Central Bank. He spoke to RT in detail about what will happen to the Russian currency in the near future.
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As the economic crisis bites, Russians have started to prioritise spending, saving money on food and daily necessities.
Preparations are already under way in homes and offices across Russia for the country’s biggest national holiday – New Year. But celebrations are expected to be muted this year as the financial crisis starts to be felt in the business communit
President Dmitry Medvedev met Thursday evening with Russian corporate tycoons to discuss how the global financial crisis is affecting the real sector of the economy. The business leaders are looking for faster moves to keep business turning over through
Russia’s commodity-based economy is struggling as oil prices plunge 70% from record levels in July, and experts anticipate a sharp rise in unemployment early next year.
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The US is overextended in multiple wars and its economy is continuing to falter; is the American Empire beginning to fall?
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The Latvian parliament has approved its budget for 2010. One of the expense articles implies aid to “poor countries”, on which the country has generously allocated less than $2,000.
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The privatization agenda outlined by First deputy Prime Minister Igor Shuvalov, will seek to both shore up the government’s budget gap, and bring about major change in the Russian corporate market.
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.
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Europe’s move to phase out 60 watt light bulbs next year after banning 75 watt bulbs last week is also the future direction for Russia, as energy efficiency starts to take on a day to day meaning.
The Rouble weakened against the Euro -Dollar basket during Monday trade as crude prices after OPEC's decision to maintain output. But a rebound in U.S. trade to a 2 month high has an upside for the Russian currency.
Published: 18 December, 2008, 14:12
RT’s Spotlight has interviewed Aleksey Ulyukaev, Deputy Chairman of the Central Bank. He spoke to RT in detail about what will happen to the Russian currency in the near future.