Search Results for: Russia
China’s e-commerce giant Alibaba sees business potential in Russia; Interview with Ma Yun
June 22nd, 2015
Ma Yun, founder and chairman of China’s e-commerce giant Alibaba, speaks during an interview with Xinhua News Agency in Moscow, Russia, June 21, 2015. China’s e-commerce giant Alibaba sees promising prospects for the development of Russian online trading market, ...
Alpari’s Russia and CIS Trading Turnover in May Exceeded $95.2 Billion
June 22nd, 2015
May 2015 saw Alpari’s trading turnover in Russia and the CIS increase by 4% in comparison with April and as such it exceeded $95 billion. The main drivers for this growth were the EURUSD and GBPUSD currency pairs on ...
Bank of Russia on fine-tuning FX swap auctions
June 16th, 2015
The Central Bank of Russian Federation has issued an announcement regarding: From 16 June 2015, the Bank of Russia supplemented its system of monetary policy instruments with USD/RUB and EUR/RUB buy/sell fine-tuning FX swap auctions from 1 to 2 ...
Bank of Russia key rate
June 15th, 2015
On 15 June 2015, the Bank of Russia Board of Directors decided to reduce the key rate from 12.50 to 11.50 percent per annum, taking account of lower inflation risks and persistent risks of considerable economy cooling. Amid significant contraction in consumer demand and ruble appreciation in February-May 2015, consumer ...
Russia Central Bank Wants to Boost Gold, FX Reserves to $500B in Few Years
June 5th, 2015
The Bank of Russia plans to boost its depleted international reserves to $500 billion to hedge the crisis-struck economy against capital flight and new shocks, the central bank chairwoman said Thursday. Speaking at a banking conference, Elvira Nabiullina said ...
Bank of Russia: On Action Plan to Increase Financial Inclusion
June 3rd, 2015
To streamline its policy in the financial market the Bank of Russia has developed an action plan to increase financial inclusion of the population and entrepreneurs. The document envisages the methodology to assess the level of financial inclusion with due account to recommendations of G20 and Alliance for Financial ...
Bank of Russia: On cancelling licences of professional securities market participant
May 29th, 2015
The Bank of Russia took a decision to cancel the licences of a professional securities market participant to carry out broker, dealer activity, depository activity and securities management issued to SpektrFinance, closed joint-stock company. The depository licence is terminated from 29 June 2015. From 29 May 2015, SpektrFinance, closed joint-stock company, ...
Russia Increasing Gold Reserves as a Hedge Against Political Uncertainty
May 27th, 2015
Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. The comments by Dmitry Tulin, who manages monetary policy at the Central Bank, reflect Russian fears that the country’s overseas assets ...
Russia Lifts Bitcoin Ban
May 25th, 2015
Since the middle of the last year, the Russian government has been discussing the possible ban and criminalization of digital currency. Some Bitcoin related sites have even been blocked in a move that forced many of the Bitcoin Russian startups to ...
Bank of Russia Buys Another $200 Million for Forex Reserves
May 25th, 2015
The Bank of Russia continued to intervene in the foreign exchange market last week after it bought another $ 200 million, the bank said on Monday. The central bank–which reports its currency market activities with a two-day lag–made the ...
