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Finance: Russian Central Bank Raises Key Interest Rate to 19%

Moscow, September 14 – The Russian Central Bank has increased its key interest rate by 100 basis points, moving it from 18% to 19%....

Russia’s Inflation Eased Slightly in August but Remains High

London, September 12 (FinanceFlashNews.com) – Russia's inflation rate slightly eased in August, but it remains more than double the central bank’s target, largely due...

Russia Seeks to Maintain Gas Transit but Can’t Force Ukraine to Extend Agreement, Says Putin

Vladivostok, September 5 (FinanceFlashNews.com) - Russia is striving to keep gas transit to the European Union (EU) flowing, but it cannot compel Ukraine to...

Fire at Moscow Refinery Won’t Lead to Fuel Shortages, Says Energy Minister

Moscow, September 5 (financeflashnews.com) - A recent fire at a major Moscow oil refinery will not cause fuel shortages in the region, as the...

Russian Central Bank Expects Decline in Imports This Year

MOSCOW (FFN) - The Russian central bank has announced that imports to Russia are expected to decline this year due to problems with cross-border...

Nornickel Reports Nearly One-Third Drop in H1 Profit

Nornickel's profit fell by nearly 30% in the first half of the year due to low prices and logistical challenges. The company's revenue dropped by...

Majority of Non-Food Products in Russia Still Dependent on Imports

More than 50% of non-food products in Russia are imported. With imported components, this figure increases to 70% or more. Annual investment in foreign...

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