Analysts explained the reasons for the weakening of the ruble and gave a forecast for December

Among the main factors behind the weakening of the ruble since the beginning of winter is the decline in oil prices, Natalia Vashchelyuk, chief analyst at Sovcombank, told Izvestia on December 3. “Since the end of November, Brent crude prices have been near their 2022 lows,” she explained. In addition, the course was affected by … Read more

The Ministry of Industry and Trade announced exotic sales markets for the Russian metallurgy Russian metallurgists have shown their readiness to quickly reorient the supply of products in the face of sanctions pressure. Western markets have become inaccessible, so the industry began to look for other options, Deputy Minister of Industry and Trade of the Russian Federation Viktor Evtukhov said on the sidelines of the Federation Council. “There … Read more

Russia’s external public debt fell by 5.2% in nine months

It also indicates that the volume of the country’s domestic public debt for the reporting period decreased by 257.6 billion rubles, or 1.6%, and reached 16.2 trillion rubles. Its share in the total volume of Russia’s public debt increased from 78.8% to 83.3%. .

Russia’s GDP will decrease by 3.6% at the end of the year

Anton Pavlov, deputy chairman of the board of Absolut Bank, believes that Russia coped with the sanctions much better than predicted. Enterprises quickly rebuilt, not without the help of government support measures. According to the expert, partial import substitution has been noted in many areas. .

The Ministry of Economic Development announced a slowdown in annual inflation in Russia

Federal News Agency Inflation in Russia slowed to 12.04% in annual terms as of November 28, the Ministry of Economic Development reported. According to the agency, a week earlier, the figure was 12.3% “In the week from November 22 to November 28, 2022, inflation was 0.19%. In annual terms, inflation continued to slow down to … Read more

The President of Russia: inflation in the country will decrease in 2023 | Administration of the President of Russia The inflation rate in Russia will go down in 2023. This statement was made by Russian President Vladimir Putin. The head of state also drew attention to the need to increase wages in all sectors of the economy. He also pointed to the modest level of wages … Read more

The head of the Ministry of Finance: inflation in Russia is under the control of the authorities

FBA “Economy Today” The Ministry of Finance of Russia controls the level of inflation in the country. The corresponding statement was made in an interview with journalists by the head of the department Anton Siluanov. According to him, government borrowing in the market does not affect the growth and dynamics of price changes. “We control … Read more

The Central Bank is considering the possibility of liberalizing foreign exchange restrictions after the lifting of sanctions

The Bank of Russia explained in which case it can make concessions in relation to Western countries. In the draft “Guidelines for the development of the financial market of the Russian Federation for 2023-2025”, the Russian regulator notes that this is possible after the lifting of sanctions against the Russian Federation. .

Analyst Shirov called the timing of the recovery of the Russian economy

FBA “Economy Today” The economic crisis in Russia will be mild. It will last about a year and a half, after which the country will gradually withdraw from it, RIA Novosti reports the opinion of the director of the Institute of the Russian Academy of Sciences Shirov. According to him, the Russian economy smoothly entered … Read more