The Bank of Russia Reduced Its Key Rate to 7.75%

At the Bank of Russia Board of Directors' meeting on 15 December, it was decided that the key interest rate should be radically reduced - by 0.5 pp. to 7.75%, and not by 25.5 pp., as had been presumed by the majority of experts.

Domestic Market Protection Instruments within the Framework of Regional Trade Agreements

Summarizing the results of the 12th East Asian summit which was held in Manila, the Philippines on November 13–14, 2017, Dmitri Medvedev, Prime Minister of the Russian Federation said that the Eurasian Economic Union (EEU) could conclude an agreement on a free trade zone with the Association of South East Asian Nations (ASEAN).

Revenues from Privatization and Public Property Management in the Draft Federal Budget for 2018–2020

The draft federal budget for 2018 and the 2019-2020 planning period submitted to parliament by the Russian government stipulates that the revenues generated by federal property privatization should be treated as a separate source for covering federal budget deficit.

On the Issue of Sustainable Economic Development of the Regions

The goals and tasks pertaining to the issue of sustainable development of the Federation's subjects have been established on a comprehensive basis with due regard for Russia's nationwide interests and priorities.

Financial Restructuring of the FK Otkrytie and the Binbank will not Cause Inflation Rate Growth 

The decision taken by the Central Bank of Russia to carry out financial rehabilitation of such large banks as the FK Otkrytie and the Binbank is a significant event for development of the banking sector of the Russian Federation.