19 June 2019

The share of the US dollar in the exchange between Russia and the EU countries decreased since the introduction of the US sanctions by almost a quarter. The total share of USD in the EU-Russia transactions in 2018 was 23.7% down from 44.5% back in 2013.

17 June 2019

Ukraine remains one of the poorest nations in the region in terms of GDP per capita income, on the par with Moldova, Armenia and Georgia, observes a special World Bank report.

14 June 2019

For the first time since 2011, Gazprom's capitalization exceeded 5 trillion Roubles (about EUR 68 bln). The reason, say the experts, is the decision of the Board of Directors dividends distribution.

12 June 2019

The country reduces its dependence on the U.S. dollar. Due to the lingering sanction risks, Russia keeps buying gold. This year the country bought more of this precious metal than anyone in the world. However, other countries also continue to increase their reserves.

11 June 2019

Before April 2020, 46 Russian banks may lose their licenses, a group of experts from a number of Russian rating agencies concluded. The pessimistic forecast will not affect only the top-20 credit institutions. According to the estimates, a default threatens 10.9% of the existing banks. The main reasons for revoking banking licenses in the next year, according to the study, may be violation of the requirements of anti-laundering legislation, understatement of accepted risks and withdrawal of liquid assets to the detriment of creditors' interests.

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