During 2 years of war, Russia burned 4.7 trillion rubles, more than 50% of its liquid assets of the National Welfare Fund. The liquid part of the so-called National Welfare Fund of Russia (NWF RF) has collapsed sharply. According to the Russian financial Telegram channel Proeconomicsthere are actually only 3 trillion rubles left in the … Read more
The worst week for the global oil market is coming to an end. The industry has not experienced such disappointment since March of this year. Commodity prices dropped significantly this week, falling by at least $10 per barrel under pressure from various fundamental factors. None of them could be ignored. The situation is described by … Read more
The Russian ruble continues to fall and this morning fell against the dollar to its lowest level in a year and a half. In Russia, the ruble continues to fall against the dollar and euro. The European and American currencies are rising at the opening of the Moscow Exchange after the opening of trading on … Read more
Today’s fall of the ruble below the psychological mark of 100 per dollar caused a serious stir among Russian economists. Analysts of banks and financial companies believe that the dollar may rise to 105-106 rubles before it starts moving in the opposite direction and the ruble regains some of the lost ground. It is possible … Read more