Edition:
United Kingdom

Andrey Ostroukh

Russia likely to cut key rate to 6% in 2020, rouble seen easing: Reuters poll

31 Oct 2019

MOSCOW Interest rates in Russia are expected to fall lower in 2020 than previously forecast, while the rouble is expected to weaken over the next year, a monthly Reuters poll showed on Thursday.

UPDATE 3-Russia lowers key rate to 6.5%, signals future cuts

25 Oct 2019

* Next rate-setting meeting due on Dec. 13 (Adds central bank comment)

Rosneft switches contracts to euros from dollars due to U.S. sanctions

24 Oct 2019

VERONA/MOSCOW Russia's largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions from U.S. sanctions, its Chief Executive Igor Sechin said on Thursday.

Russian central bank chief says can cut rates more decisively

18 Oct 2019

MOSCOW The Russian central bank is ready to act "more decisively" when cutting interest rates, Governor Elvira Nabiullina said, increasing the chances the bank's key rate will be lowered by more than 25 basis points as soon as the end of October.

Financial services firm Freedom Holding considers Moscow listing after Nasdaq debut

15 Oct 2019

MOSCOW Freedom Holding Corp , a financial services firm focussed on East Europe and Central Asia, is considering a Moscow listing, after its shares began trading on New York's Nasdaq.

Moscow Exchange plans higher dividends, to double retail client base

15 Oct 2019

MOSCOW The Moscow Exchange plans to channel all of its free cash flow into dividends and will also raise a dividend payout floor to 60% from 55% of net profit under a new dividend policy announced on Tuesday.

Russia seen cutting rate further in 2019 as inflation slows: Reuters poll

30 Sep 2019

MOSCOW Russia is expected to cut interest rates further this year amid slowing inflation and sluggish economic growth, a monthly Reuters poll showed on Monday.

Sanctions depress Russia's rating by "at least one notch" - Fitch

24 Sep 2019

MOSCOW, Sept 24 Western sanctions constrain Russia's credit rating and hamper its efforts to achieve higher rates of economic growth, global rating agency Fitch said on Tuesday.

Russia may turn to state investment to battle sluggish growth

19 Sep 2019

* Only state spending on big projects can help -cbank, economists

Russian central bank cuts key rate to 7%, says more cuts possible

06 Sep 2019

MOSCOW The Russian central bank cut its key interest rate to 7% on Friday, lowering the cost of borrowing for the third time this year, and said another rate cut was possible at one of the next three board meetings.

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