Early last week Russia widened the trading band for the rouble, which was followed by a one per cent rise against the dollar the next day. The rouble’s one per cent rise against the dollar marks a nine-month high, although it’s still 20 per cent off 2008’s highest figures. It was the first time the [...]

The Russian rouble steadied at the end of last week, ensuring that it stood at a nine-month high against the dollar. The dollar lost nearly 0.3 per cent against the rouble, reaching 29.23 roubles on the morning of 17 February. This was brought about mainly as oil prices bounced back from an 11-week low, with [...]

Russia’s planned debut rouble bond could be issued in the next month, the country’s deputy finance minister has told Reuters. Speaking at the World Economic Forum in Davos, Switzerland this week, Dmitry Pankin told Reuters Insider television that the bond should be worth between $1-3billion and that the amount would be based on recommendations from [...]

The transportation infrastructure in Moscow is expected to receive major investments from foreigners this year in a bid to solve its problems. The Mayor of Moscow, Sergei Sobyanin, has invited foreign investors from numerous different countries across the globe to bid in forthcoming tenders which are valued at more than 200 billion roubles. The money [...]

Following its winning bid to host the 2018 World Cup, Russia has suffered a big blow as several of its football clubs have been forced to pull out of the Russian championship due to financial difficulties. One club, Saturn Ramenskoye, has pulled out of the championship following a decision by the Moscow region government to [...]

If the Russian government raised the minimum capital requirement, the vast majority of the country's banks will be forced to borrow a total of 455 billion roubles. Russian central bank board member Mikhail Sukhov spoke at the government's banking sector strategy discussions, saying, "Only one third of Russia's 1,100-plus banking system is ready to meet [...]

A new motorway connecting Moscow to St. Petersburg will push compensation for ecological damage related to the construction-related to four billion roubles. Sergei Ivanov, Deputy Russian Prime Minister, has announced that the government has now decided that the new high-speed road link will cross Khimki Forest near Moscow. As a result, the compensation payouts for [...]

A stake in the Russian venue for the 2018 World Cup final is up for sale, as part of a bid to raise 13.9 billion roubles to help towards the cost of staging the event. Luzhniki Stadium has been included on a list of commercial enterprises due to be sold to private investors next year. [...]

Transforming the rouble into a commodities currency which is traded all over the world will be tough for Russia, say traders. The country hopes that the rouble with become an internationally-traded currency depends on curbing inflation and raising the spectrum of 'rouble-denominated instruments.' Kingsmill Bond, chief strategist at Troika Dialog, said, “The rouble is a [...]

In a bid to fill in a large gap in Moscow's budget, the city's Mayor has announced that he plans to plunder government assets. Company shares are to go up for auction as part of a privatisation programme to help City Hall to source another 13 billion roubles next year. This amount is more than [...]