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The Russian payment system Mir gathers momentum

    The Russian payment system Mir gathers momentum

Currently, the International Financial Congress, involving the heads of the Central Banks of various countries, is being held. Elvira Nabiullina, the head of the Central Bank of the Russian Federation, has provided interesting information. She reported that the issue of the cards of the Russian payment system Mir was advancing

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Novak has met with the Venezuelan Oil Minister

    Novak has met with the Venezuelan Oil Minister

On Tuesday Alexander Novak, Minister of Energy of the Russian Federation and Venezuela’s Oil Minister Eulogio Del Pino have met in Moscow in order to discuss the coordination of joint actions at the oil market. This was reported by the press service of the Ministry of Energy. In particular, the

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Black Gold is falling due to the doubts that the OPEC countries will limit the production

    Black Gold is falling due to the doubts that the OPEC countries will limit the production

Oil prices are falling on Monday after Iraq’s statement that it must be free from the obligations within the limits of the OPEC cartel agreement on the reduction of raw material extraction. In addition, oil prices have been influenced by the increase in the number of oil drilling rigs in

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In September the industrial production of the Russian Federation decreased contrary to the growth predictions

    In September the industrial production of the Russian Federation decreased contrary to the growth predictions

Despite the fact that analysts expressed the growth expectation of the industrial production by 0.6 per cent in the Russian Federation, their forecast hasn’t come true. They were being interviewed during the poll, which was organized by Reuters.  According to Rosstat, in September 2016 the industrial production of the Russian

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Oil is growing in anticipation of the negotiations on the reduction of oil production

  Oil is growing in anticipation of the negotiations on the reduction of oil production

On Wednesday the oil contracts are becoming more expensive while the investors are waiting for the end of the negotiations among the OPEC countries and the countries outside the cartel. The negotiations are focusing on limiting the production in order

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Ministry of Economic Development of the Russian Federation: the reduction of oil production by 5% is theoretically possible

  Ministry of Economic Development of the Russian Federation: the reduction of oil production by 5% is theoretically possible

Ministry of Energy has been going into a question whether there is a technical possibility of reducing the oil production if it is needed. Nevertheless, it is known that during the year the production in Russia will grow. Deputy Minister

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The Russian Federation has increased the oil export to China by 50%

  The Russian Federation has increased the oil export to China by 50%

Last month the Chinese oil import from the Russian Federation increased by 50.2% yoy and amounted to 4.64 million tons. The information from the Chinese General Administration of Customs says about this. Accordingly, Russia became the largest exporter of the

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The ruble costs at around 64 per dollar against the decision of the Federal Reserve

  The ruble costs at around 64 per dollar against the decision of the Federal Reserve

The ruble has slightly risen against the US dollar at the opening of the stock exchange on Thursday morning. After that the currency of the Russian Federation has become stable near the figure of the previous session closing. The probability

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The Central Bank of the Russian Federation has stopped the operations of three Russian banks

  The Central Bank of the Russian Federation has stopped the operations of three Russian banks

It has become known from the official report of the Central Bank of the Russian Federation that three banks have become unable to carry out banking operations. On 19 September the regulator has withdrawn the license of these banks. They

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Nabiullina: the forecast of the inflation has been amounted to 5.5-6% as a result of the current year

  Nabiullina: the forecast of the inflation has been amounted to 5.5-6% as a result of the current year

Elvira Nabiullina, Chairman of the Central Bank of the Russian Federation, said that the regulator was expecting the inflation rate of about 5.5-6% by the end of the year. In particular, she said: “We have specified our forecast regarding the

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