Browsing: economy

Siemens Announced Its Withdrawal From The Russian Market

This decision is connected with the conduct of a special military operation by Russia in Ukraine. Against the backdrop of the so-called Russian special operation in Ukraine, the leadership of the German concern Siemens decided to leave the Russian market. The company has already launched a procedure for terminating its production and operations in the […]

The Russian Stock Market Collapsed Amid The Discussion By The Security Council Of The Recognition Of The Separatist Republics Of Donbass

During the time that the meeting of the Security Council of the Russian Federation was held with the participation of Russian President Vladimir Putin, at which the issue of recognizing the independence of the Donetsk and Luhansk People’s Republics was discussed, the Moscow Exchange index fell by 12%. The dollar is trading at more than […]

In April, Russia Received Less Than 130 Billion Rubles Of Oil And Gas Revenues

The Ministry of Finance of the Russian Federation reported that in April the difference between the expected and actually received oil and gas revenues to the state treasury amounted to 133.1 billion rubles. The agency predicted that last month the budget would receive additional oil and gas revenues in the amount of 798.4 billion rubles. […]

Volvo And Land Rover Jaguar Will Cut The Bulk Of The Staff In Russia

At the same time, the first company will leave personnel to ensure warranty service for its cars, and the second intends to leave the country completely. Automakers Volvo and Land Rover Jaguar have decided to cut the bulk of the staff of their Russian offices. This information, citing sources in the market, is provided by […]

Analysts: It Will Take 10 Years To Restore The Russian Economy After Sanctions

S&P Global Market Intelligence analysts believe that it will take 10 years for the Russian economy to recover to the level of 2021 after the introduction of sanctions restrictions on the country. It is reported by RBC, which had at its disposal the forecast of S&P Global Market Intelligence. Experts believe that this year the […]

Russia Offered Poland To Pay For “Anti-Gas Radicalism”

Member of the Federation Council Aleksey Pushkov commented on reports on the suspension of Gazprom supplies to Poland on his Telegram channel and said that Warsaw would have to pay for “anti-gas radicalism” in relation to Russian gas. According to the senator, Poland should not be surprised by such a decision by Russia, especially in […]

Kudrin: Inflation In Russia In 2022 Will Exceed 20%

According to the head of the Accounts Chamber, next year it will also be rather big – more than 6%. As for GDP, it could fall by 12.4% The head of the Accounts Chamber Alexei Kudrin, speaking at a meeting of the Council of Legislators of the Russian Federation, said that according to the results […]

Analysts Told When The Dollar Will Cost 30 Rubles

The value of the dollar could fall to 30 rubles per unit if Russia continues to reduce the volume of transactions in this currency, said Cresco Finance asset manager Stepan Sumin. “The fewer operations the state will carry out with the dollar and the euro, the faster the depreciation of the importance of these currencies […]