News

Russia’s National Wealth Fund totals $130 bln as of February 1 — Finance Ministry
The ministry added that the amount of liquid assets of the NWF was $53 bln, or 2.7% of GDP projected for 2024.
Business in Russia
Russia’s economy to grow by 1.8% in 2024, EU’s GDP growth to slow down to 0.6%
GDP of the eurozone in 2024 is expected to grow slower than projected in the November report.
Business in Russia
Fish catch in Russia rises by 16% to 408,000 tons in January 2024
According to the department, the main contribution was provided by fishermen of the Far East, where 367,000 tons were produced, which is 8% more than a year earlier.
Business in Russia
Russia’s manufacturing PMI index down to 52.4 points in January
Moreover, the PMI index value in January signals the weakest upturn in the health of the manufacturing sector since July 2023.
Business in Russia
Dollar millionaires in Russia plunge by a quarter over last decade
According to the international investment migration advisory firm, there are currently 409 people with a net worth of over $100 mln in Russia, as well as 43 dollar billionaires.
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Polymetal gold production totals 1.7 Moz of gold equivalent in 2023
Net debt was largely stable as of the end of 2023 both quarter-on-quarter and year-on-year and stood at $2.38 bln.
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EAEU GDP growth in 2024 projected to reach over 2.5%
In 2022, Armenia’s GDP grew by 12.6%, Kyrgyzstan’s - by 6.3%, Alexey Overchuk said.
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Novatek can start gas shipments from Arctic LNG 2 in February 2024
Arctic LNG 2 project participants are Russia’s Novatek (60%), TotalEnergies (10%), CNPC (10%), CNOOC (10%), and Japan Arctic LNG (10%).
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Average maximal interest rate on ruble deposits moves to 14.87% in mid-January
Deposit interest rates are monitored by the regulator in Sberbank, Sovcombank, VTB, Gazprombank, Credit Bank of Moscow, Alfa-Bank, Bank FC Otkritie, Promsvyazbank, Tinkoff Bank, and the Russian Agricultural Bank.
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Sales of foreign currency earnings important for Russia’s economic stability
Boris Kopeikin recalled that under the sanctions, the Central Bank's reserves in euros and dollars are frozen and cannot be used to reduce exchange rate volatility.
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