Gleb Bryanski

1 week ago | marketscreener.com | Darya Korsunskaya |Gleb Bryanski

MOSCOW (Reuters) -The Russian government plans to tap its fiscal reserves for 447 billion roubles ($5.51 billion), or about 1/10th of their liquid assets, to balance the budget in 2025 after a threefold increase in the deficit, the finance minister said on Tuesday. The finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product last week from 0.5% after reducing the energy revenues forecast by 24% due to expectations of a prolonged period of low oil prices.

2 weeks ago | marketscreener.com | Darya Korsunskaya |Gleb Bryanski

MOSCOW (Reuters) -Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product (GDP) on Wednesday from 0.5% after reducing the energy revenues forecast by 24% due to expectations of a prolonged period of low oil prices. The ministry lowered the 2025 oil and gas revenues forecast to 8.32 trillion roubles ($101.47 billion) or 3.7% of GDP from 10.94 trillion roubles or 5.1% of GDP. It also increased the 2025 spending plan by 830 billion roubles.

2 weeks ago | marketscreener.com | Elena Fabrichnaya |Gleb Bryanski

MOSCOW (Reuters) -The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence triggered by U.S. trade tariffs. Russia has not suffered directly from high import taxes on many countries announced by U.S. President Donald Trump but is now bracing for a protracted period of lower oil prices - its main export - and declining budget revenues.

3 weeks ago | kfgo.com | Elena Fabrichnaya |Gleb Bryanski

By Elena Fabrichnaya and Gleb BryanskiMOSCOW (Reuters) – Russian central bank chief Elvira Nabiullina is safe in her job for two more years with President Vladimir Putin’s personal support but the Kremlin will face a succession dilemma when her record tenure ends in 2027, two senior sources told Reuters. Nabiullina, 61, has faced intense criticism from lawmakers and some prominent businessmen since she was appointed in 2013, but has always endured with Putin’s backing.

3 weeks ago | yahoo.com | Elena Fabrichnaya |Gleb Bryanski

By Elena Fabrichnaya and Gleb BryanskiMOSCOW (Reuters) - Russian central bank chief Elvira Nabiullina is safe in her job for two more years with President Vladimir Putin's personal support but the Kremlin will face a succession dilemma when her record tenure ends in 2027, two senior sources told Reuters. Nabiullina, 61, has faced intense criticism from lawmakers and some prominent businessmen since she was appointed in 2013, but has always endured with Putin's backing.