Central Bank cuts rates again PRO Members Public
Russia’s Central Bank has cut its base rate for the eighth time running — this time by a cautious 0.5 percentage points to 14.5%. This was in line with consensus expectations, although some economists anticipated a more decisive cut amid high oil prices and falling inflation. * In its
Runet gets a new boss: The Bell exclusive PRO Members Public
The Bell has managed to find out who is behind the latest wave of repression against the Russian internet — from restricting calls on messaging apps to blocking Telegram and waging war on VPNs. These crackdowns have already caused businesses to lose millions, as we previously wrote about, and have also
Russia boosts spending in expectation of oil windfall PRO Members Public
The government is gambling on future oil profits rather than waiting for them to actually materialize, the latest budget statistics published by the finance ministry indicate. * Russia’s budget deficit from January to March was 4.58 trillion rubles ($60 billion, or 1.9% of GDP). That’s almost twice