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Darya Korsunskaya

Relentless rise of consumer debt in Russia fuels bubble fears for some

15 Aug 2019

MOSCOW Natalia Leontyeva, a Siberian sales manager, bought a second hand car in 2013 with a loan worth about four monthly salaries. She now owes the equivalent of at least four years of earnings, one of a growing number of Russians struggling with debt.

Russia's top borrowers join calls to let banks use domestic ratings, central bank resists

08 Aug 2019

MOSCOW Russia's top gas producer Gazprom and a raft of other major firms have added to calls for the banking sector to use domestic ratings in implementing new financial regulations, saying this would ease pressure on banks and cut lending rates.

Exclusive: Russia's finance ministry seeks delay of Basel III reform - letter

25 Jul 2019

MOSCOW Russian Finance Minister Anton Siluanov has asked the central bank to postpone reforms requiring banks to increase capital buffers under the "Basel III" international financial rules, according to a letter seen by Reuters.

Russian oil output back to OPEC deal levels: Novak

18 Jul 2019

ST PETERSBURG/MOSCOW Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil exporters and production in the last half of July will rise from the first half, Energy Minister Alexander Novak said on Thursday.

Russian Finance Ministry: use rising reserves to support exports

05 Jun 2019

MOSCOW, June 5 The Russian Finance Ministry would like to use the National Wealth Fund to support state exports, seeking to minimise risks from Western sanctions and also cut domestic borrowing, its head of state debt has told Reuters.

Pompeo tells Russia - Don't meddle in next U.S. presidential election

14 May 2019

SOCHI/MOSCOW U.S. Secretary of State Mike Pompeo told Russia on Tuesday that Washington would brook no interference in the 2020 U.S. presidential election and wanted Moscow to take action to show there would be no repeat of its suspected 2016 meddling. | Video

Russia tells Pompeo: Enough mistrust, let's reboot our ties

14 May 2019

SOCHI, Russia Russian Foreign Minister Sergei Lavrov told U.S. Secretary of State Mike Pompeo on Tuesday it was time for Moscow and Washington to put aside years of mistrust and find a way to work together constructively. | Video

Russia offers passports to east Ukraine, president-elect decries 'aggressor state'

25 Apr 2019

ST PETERSBURG, Russia/KIEV Russian President Vladimir Putin signed an order on Wednesday simplifying the procedure for obtaining a Russian passport for residents of separatist-controlled eastern Ukraine, prompting calls from Kiev for more international sanctions.

Russia taps rainy-day fund to pay oil firms back for lower fuel prices at home

19 Apr 2019

MOSCOW, April 19 Russia expects to use about 210 billion roubles ($3.3 billion) from its National Wealth Fund this year to pay back oil firms as part of a deal to keep down domestic gasoline and diesel prices, a senior finance ministry official said on Friday.

Russia wants to borrow more, prepares new OFZ auction mechanism

29 Mar 2019

MOSCOW Russia wants to borrow more in the second quarter this year, and it plans to implement a new bond-offering mechanism and take advantage of growing global demand for its debt, a senior ministry official said.

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