Profits in Russia’s banking sector rose to 70 billion roubles ($975 million) in June from just 500 million roubles in May, which included some weeks of lockdown due to the coronavirus pandemic, the central bank said in a report on Friday.
The Russian Central Bank plans to resume its purchases of foreign currency for state reserves that are pegged to oil prices in 2022, after pausing them this year amid the rouble crash, Governor Elvira Nabiullina said.
UAE-Russia food trade has increased steadily in recent years due to cooperation on food security and Moscow’s efforts to diversify exports, however, a recent Dubai Chamber of Commerce and Industry webinar
Oil prices jumped by around 8% on Tuesday a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and Russia signalled that talks with Opec remained possible.
Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said
Russia will create a 300-billion rouble ($4 billion) anti-crisis fund to try to shield its economy from the coronavirus shock, Prime Minister Mikhail Mishustin said on Monday.
Opec agreed on Thursday to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices that have been hit by the coronavirus outbreak, but made its action conditional on Russia and others joining in.
Moscow emerged from a strict lockdown Tuesday with the city government citing a slowdown in the coronavirus outbreak and critics expressing concerns over the potential for a new wave of infections in the Russian capital.
"I have a completely fine attitude towards Russians as a people — just like towards the French, the Germans or the Chinese," Zhaglo says. But if the invasion does come, she is ready to take up her gun. "I'm not looking to kill people, I'm just going to defend my home," she says.