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The US has targeted Russian industries banks and the Moscow Stock Exchange in the latest round of sanctions Read Full Article at RTcom
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices.
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country continues to weather sanctions over its war in Ukraine. | World News
(Bloomberg) -- Russia’s central bank held interest rates unchanged for the first time since June, as it pivots from a cycle of monetary tightening that more than doubled borrowing costs in the second half of last year.Most Read from BloombergHawaii Rightly Rejects Supreme Court’s Gun NonsensePutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionApple Readies AI Tool to Rival Microsoft’s GitHub CopilotDozens of
Russia's war in Ukraine is draining state coffers, but the fiscal buffers Moscow has built up over the last two decades will be enough to last for years, even if oil prices slump as low as $60 a barrel. The liquid part of Russia's National Wealth Fund (NWF) has more than halved, falling by $58 billion since the February 2022 invasion of Ukraine, as the government used the money to finance its budget deficit and support state-owned companies. The NWF, a rainy-day fund of accumulated energy revenues, held $55 billion, or 2.7% of gross domestic product (GDP), as of Feb. 1, 2024, down ...