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Russian economy

​‘US coercive diplomacy: dialogue through dictate’
The US pursues coercive diplomacy regarding Russia and other countries, that has the appearance of diplomacy but in reality the other side has to give up its position, Executive Director of the Ron Paul Peace Institute Daniel McAdams told RT.

19.12.2014 09:27

‘Putin keeps ace up his sleeve to surprise market’
President Putin has not disclosed his future strategic plans during the annual Q&A since to surprise international markets one should always have an ace up the sleeve, French economist Jacque Sapir told RT.

18.12.2014 13:29

Russia to supply banks with up to $6.54bn to fight off crisis
Banks in Russia will get a government boost to finance debt and projects as the country risks recession. On Friday, the State Duma passed the last two readings of a law to allocate up to 10 percent, or $6.54 billion, from a sovereign wealth fund.

19.12.2014 09:38

‘Ruble drop- continuation of global credit crisis’
A global crisis has never ended, most of the Western states have enormous debts which they are not able to pay off, and the current collapse of the Russian currency is just its continuation, Mitch Feierstein, of Glacier Environmental Fund, told RT.

18.12.2014 15:02

UK sees luxury property, cheap travel bonanza in ruble crisis
As the ruble falls into a tailspin, air fares between the UK and Russia have dropped to an all-time low. Return tickets from London Gatwick and Manchester to Moscow are now selling at £50.

18.12.2014 11:10

Upper House plans probe into Central Bank role in ruble crash
Federation Council Chair Valentina Matviyenko has ordered a vote on a parliamentary investigation into the recent activities of the Central Bank and its alleged role in the worst-ever plunge of the ruble rate.

17.12.2014 12:48

Ruble rumble: Currency gains ground after Tuesday trauma
The Russian currency remains volatile Wednesday after it suffered its own ‘Black Tuesday’ losing about 20 percent. The ruble strengthened to 61 rubles per 1 USD, before settling near 62 at market close in Moscow.

17.12.2014 06:30

'Ruble slide: Speculators moved in as Central Bank was asleep at the wheel'
For the sake of the Russian economy, the Central Bank cannot continue its waiting game strategy for too long hoping that speculators give up before it does, says Mike Ingram, a market strategist at BGC Brokers in London.

16.12.2014 14:25

Slumping ruble should push Russia to ‘live in new reality’ – Bank chief
The plunging ruble is a signal for the Russian economy to adapt to new conditions, Russia’s Central Bank Chair Elvira Nabiullina said, following the surprise midnight decision to hike the key interest rate to 17 percent.

16.12.2014 08:59

Ruble plummets losing more than 20% in a day, hitting new dollar and euro lows
No end seems to be in sight for the plight of the Russian ruble, which slumped to new record lows against hard currencies Tuesday. The EUR traded at 93.5 against the ruble, and the USD at 75.

16.12.2014 10:38

‘South Stream cancelation bad news for C. European countries that need cheap energy'
The abolishment of the South Stream gas project will negatively affect countries which need cheap energy, such as Hungary, Anna Van Densky, a political commentator for EU Reporter Magazine, told RT ahead of the Central Europe summit in Prague.

11.12.2014 15:00

Russian central bank hikes key interest rate to 10.5% to combat inflation, plunging ruble
The Russian Central Bank has increased borrowing costs to 10.5 percent to avoid a further rout of the ruble. The currency has lost more than 40 percent this year, and annual inflation is slated to reach 10 percent.

11.12.2014 09:35