Tag Archives: russia

Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5.5% following its June policy meeting.

Kirill Dmitriev, head of the Russian Direct Investment Fund, told Reuters that Russia expects WHO to approve the Sputnik-V vaccine against COVID-19 within two months. The Russian fund is responsible for marketing the vaccine. Dmitriev stated that the European Medicines Agency, which is also reviewing the Russian vaccine, “has obtained …

Kremlin said in a statement on Monday, dates and place are yet to be chosen when asked about a possible meeting between Russian President Vladimir Putin and his American counterpart Joe Biden.

Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5%, compared to analysts’ estimate for an increase of 25 basis points.

Commenting on the bill passed by the US House Judiciary Committee that would open OPEC to antitrust lawsuits over production cuts, Russian Deputy Prime Minister Alexander Novak said that he sees no threat to OPEC+ for now, per Reuters.

The Central Bank of Russia said on Wednesday that it expects inflation rate to gradually decline from its 5.8% peak this month. Last month, consumer prices in Russia recorded their biggest increase since 2016. Accordingly, the Russian central bank decided in March to raise its main interest rate to 4.5%.

Russia’s output of crude and condensate rose to 43.34 million tons in March, thanks to the more generous OPEC and its allies (OPEC+) quota, Bloomberg reports, citing preliminary data from the Energy Ministry’s CDU-TEK unit.

Russia’s production of oil and gas condensate rose to 10.25 million barrels per day in March from 10.1 million barrels per day in February, according to Reuters calculations based on a report by the Interfax news agency based on data from the Energy Ministry on Friday. The recovery of Russian …

Russia is in support of keeping the oil output of the OPEC+ steady from April to May while seeking a small output increase in May for itself, Reuters reported on Monday, citing a source familiar with the matter.  “I won’t be surprised to hear the view that it is better …

The Central Bank of Russia on Friday decided to raise its main interest rate by 0.25% to 4.5%, due to the recent rise in inflation above the central bank’s forecasts. The bank’s policy statement noted that “domestic demand is recovering more steadily and faster than expected, outstripping the pace of …