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Tag: Regulatory Measures

Key rate reduced for the sixth time in a row, now to 7.5%

The Bank of Russia, at today's meeting of the Board of Directors, decided to reduce the key rate from 8% to 7.5% “Current consumer price...

Possibility of reducing or eliminating duties on imported materials and equipment to be considered

The Federation Council Committee on Economic Policy proposes to zero or reduce customs duties on imports of foreign raw materials and equipment to Russia....

Russia’s key rate cut to 8 percent

The Bank of Russia lowered the key rate to 8% following the meeting on July 22. This is the fifth consecutive reduction of the...

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,...

About 77 percent of Russian companies have already adapted to the sanctions or hope to do so

Most Russian companies have already adapted to work under sanctions or hope to achieve such a result in the near future. This is stated...

Russian Academy of Sciences commented on exchange rate dynamics

The higher exchange rate of the ruble is useful for curbing inflation, but it negatively affects the export revenues of the state budget and...

Stronger ruble makes exports from Russia less competitive abroad

The government is gradually lifting restrictions in the financial sector, since the too high exchange rate of the ruble makes Russian products uncompetitive on...

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