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Russian economy

Russian ruble continues 8-day winning streak
The ruble gained 1.5 percent against the dollar Thursday, reaching 56.08, the best performance since December 2014. The Russian currency was buoyed by rising oil prices, but experts warn crude could be a false friend for the currency.

26.03.2015 14:46

Russian ruble hits all-time 2015 high
The Russian currency is seemingly making a comeback, improving more than 3.6 percent in 2 days to bring the ruble to a 3-month high. The climb is attributed to a slight increase in oil prices as well as the approaching tax season.

25.03.2015 15:04

‘Ruble unstable for artificial reasons’
The US has created a belief that money would leave Russia, but money doesn’t flow out of countries that have extremely low debt and strong export earnings, Paul Craig Roberts, former US Assistant Secretary of the Treasury, told RT.

23.03.2015 11:01

Russia's 'junk' bonds paying off handsomely
Investment banks from Goldman Sachs to Bank of America, as well as Russia’s own VTB and Rosbank, are all bullish on Russian bonds. After a disastrous 2014 they may finally be heading for a revival.

23.03.2015 07:34

Greater freedom for businesses - best response to sanctions, Putin says
Making it easier to do business in Russia and inspire entrepreneurship is the best response to the external challenges including Western sanctions, says President Putin.

19.03.2015 14:10

Russia overcomes the worst, sees stabilization – finance minister
The Russian economy has begun to stabilize, climbing from its lowest point, according to Finance Minister Anton Siluanov. He says the ruble is becoming a stronger currency as it has sustainably grown since the beginning of 2015.

19.03.2015 12:35

Russia to help Cyprus overcome crisis aftermath – Putin
Russia will continue to help Cyprus to gets over its debt crisis said President Putin after talks with Cyprus President Nicos Anastasiades in the Kremlin. Moscow has already provided the country with a €2.5 billion loan.

25.02.2015 14:32

Japan’s credit card firm to start using Russia’s national payment system by end of 2015
The Japanese JCB payment system is ready to start working with Russia’s national payment system (NPCS) by the end of 2015, according to company CEO Takashi Suetsugu.

24.02.2015 12:57

‘Euromaidan movement grew from child into monster’
Ukraine is now further from national sovereignty than it was a year ago, with the IMF running its finances and an American-born Ukrainian, Natalie Jaresko, heading the Finance Ministry, Roger Annis, Editor, told RT’s In the Now show.

20.02.2015 10:00

Sanctioned Rosneft pays off $7.1bn loan a day early
Rosneft says it has paid $7.154 billion to creditors on loans it used to buy TNK-BP for $55 billion in 2013. Russia’s biggest oil company paid off the debt a day ahead of schedule.

12.02.2015 12:51

Russian stock market rallies on Ukraine ceasefire announcement
The Moscow Stock Exchange got a major boost after the Russian president said a Ukraine ceasefire deal had been reached in Minsk. The deal lessens the probability Russian companies will be slapped with more EU sanctions.

12.02.2015 09:28

Oil price recovery ‘inevitable’
A US oil refineries strike, a reduction of shale oil rigs, and declining investment by major companies signals to the global market that oil production is going to fall, which pushes the price up, says Mamdouh Salameh, an international oil economist.

10.02.2015 10:08