Economy

They’ve given change, which won’t seem like enough: How Russia responds to the West on freezing reserves

The West froze Russia's gold and currency reserves by $300 billion.A photo: ShutterstockState Duma Chairman Vyacheslav Volodin, in response to Western sanctions, called for the confiscation of assets of...

Since May 1, preferential mortgages have fallen in price in Russia: who and under what conditions will now benefit from a 9% mortgage

At the moment, the preferential mortgages are valid until the end of 2022. But it is possible that it will be extended until 2023.A photo: ShutterstockWHAT IS A PREFERENTIAL...

“It’s getting stronger, but it’s not swimming behind the buoys”: what’s going on with the ruble and what to expect next

A photo: Ivan MAKEEVabnormal situation. This is roughly how most experts assess what is happening in our forex market. If at the beginning of March everyone literally...

So the West won’t reach out: The Economist explained how to save Russia’s gold and currency reserves from freezing

Money should "work" and not sit like dead weight in a jugA photo: ShutterstockSaved, saved, saved, saved for a bad day, dollars and euros, and on you: our billions...

The Ministry of Finance paid interest on the external debt: “The default is canceled, we do not agree”

The Ministry of Finance paid interest on the foreign debtA photo: OVERALL PRESS OVERVIEWThe day of May 4 was awaited by many with anxiety. The announcement of Russia's...

‘Our goal is to steadily reduce inflation’: ten key thoughts from Elvira Nabiullina’s press conference

President of the Bank of Russia Elvira Nabiullina. Photo: Press Service of the State Duma of the Russian Federation / TASSThis Friday, the Central Bank lowered its key...

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