19.8 C
Moscow
Wednesday, June 29, 2022
spot_img

SANCTIONS CONTEXT

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

LATEST MARKET STUDY

spot_img

Key rate kept at the record level of 20 percent

The Bank of Russia quite expectedly kept its key interest rate at a record level of 20% per annum. The head of the Central Bank, Elvira Nabiullina, stressed that the increase in rates is a temporary anti-crisis measure; once the situation stabilizes, rates will be reduced.

Related Articles

Requirement to sell exports’ earnings in foreign exchange cancelled as confirmed by the government

The subcommittee of the government commission for the control of foreign investment in Russia decided to cancel the requirement for exporters to sell 50%...

Key rate cut back to the pre-sanction level

The Bank of Russia held a meeting of the Board of Directors today and decided to reduce the key rate again, from 11% to...

Mandatory sale requirement for half of export earnings now abolished

A decree lifting the requirement for exporters to sell 50% of foreign exchange earnings was signed today. The document says that from now on,...