Russian Banks Cut Deposit Rates Amidst Central Bank's Stable Key Rate
Several major Russian banks, including Sber, VTB, Sovcombank, and Alfa-Bank, recently lowered interest rates on ruble deposits, following the Central Bank's decision to maintain the key rate at 21% in December 2024 due to slowing inflation and an absence of economic shocks; further rate decreases ar...
Russian Banks Cut Deposit Rates Amidst Central Bank's Stable Key Rate
Several major Russian banks, including Sber, VTB, Sovcombank, and Alfa-Bank, recently lowered interest rates on ruble deposits, following the Central Bank's decision to maintain the key rate at 21% in December 2024 due to slowing inflation and an absence of economic shocks; further rate decreases ar...
Progress
28% Bias Score
Trump Presidency: Potential Economic Impacts on Russia
Experts predict a stronger dollar (120-130 rubles in 2-3 years), lower oil prices (Urals potentially dropping to \$65/barrel in 2025), and uncertainty regarding sanctions relief, leading to potential budget challenges for Russia and a possible shift in global trade dynamics.
Trump Presidency: Potential Economic Impacts on Russia
Experts predict a stronger dollar (120-130 rubles in 2-3 years), lower oil prices (Urals potentially dropping to \$65/barrel in 2025), and uncertainty regarding sanctions relief, leading to potential budget challenges for Russia and a possible shift in global trade dynamics.
Progress
44% Bias Score
Russia's War Economy: Sanctions, Inflation, and a Ruble in Crisis
Russia's economy is severely impacted by the war in Ukraine and Western sanctions, showing a devalued ruble, reduced oil and gas revenues, high military spending (29% of the budget), and high inflation (projected at 26%), despite a 21% interest rate.
Russia's War Economy: Sanctions, Inflation, and a Ruble in Crisis
Russia's economy is severely impacted by the war in Ukraine and Western sanctions, showing a devalued ruble, reduced oil and gas revenues, high military spending (29% of the budget), and high inflation (projected at 26%), despite a 21% interest rate.
Progress
32% Bias Score
Ruble Plunges to 109 Against Dollar, Exacerbating Russia's Economic Challenges
The Russian ruble fell to 109 against the US dollar on Friday, impacting consumer prices and challenging the Kremlin's economic balancing act of funding the war in Ukraine while managing inflation; the central bank raised interest rates to 21% in response.
Ruble Plunges to 109 Against Dollar, Exacerbating Russia's Economic Challenges
The Russian ruble fell to 109 against the US dollar on Friday, impacting consumer prices and challenging the Kremlin's economic balancing act of funding the war in Ukraine while managing inflation; the central bank raised interest rates to 21% in response.
Progress
36% Bias Score
Ruble Strengthens Amidst Diverging Expert Opinions on Contributing Factors
The Russian ruble is strengthening due to a confluence of factors, including upcoming tax payments, high interest rates, and potential US-Russia agreements to resolve the Ukrainian conflict; however, experts disagree on the relative importance of internal vs. external factors, with forecasts ranging...
Ruble Strengthens Amidst Diverging Expert Opinions on Contributing Factors
The Russian ruble is strengthening due to a confluence of factors, including upcoming tax payments, high interest rates, and potential US-Russia agreements to resolve the Ukrainian conflict; however, experts disagree on the relative importance of internal vs. external factors, with forecasts ranging...
Progress
36% Bias Score
US Sanctions Target Russian Oil Sector, Limited Economic Impact Expected
The Biden administration imposed new sanctions on Russian oil companies Gazprom Neft and Surgutneftegaz, along with 30 subsidiaries, 183 oil tankers, two insurance firms, and other entities, impacting their operations and potentially weakening the ruble.
US Sanctions Target Russian Oil Sector, Limited Economic Impact Expected
The Biden administration imposed new sanctions on Russian oil companies Gazprom Neft and Surgutneftegaz, along with 30 subsidiaries, 183 oil tankers, two insurance firms, and other entities, impacting their operations and potentially weakening the ruble.
Progress
52% Bias Score
Russia's 2025 Budget: Military Spending Soars Amidst Ruble Devaluation
Russia's 2025 budget allocates over $145 billion to military spending, exceeding combined spending on education, healthcare, and the national economy; this comes amid a weakening ruble and ongoing war in Ukraine.
Russia's 2025 Budget: Military Spending Soars Amidst Ruble Devaluation
Russia's 2025 budget allocates over $145 billion to military spending, exceeding combined spending on education, healthcare, and the national economy; this comes amid a weakening ruble and ongoing war in Ukraine.
Progress
40% Bias Score
Ruble Plunges to 114 Against Dollar Amidst Sanctions and Inflation Fears
The Russian ruble hit 114 against the dollar on Wednesday, its lowest since March 2022, after US sanctions on Gazprombank triggered panic selling; this decline, exceeding a third of its value since August, evokes past economic traumas and fuels inflation fears despite the government viewing it favor...
Ruble Plunges to 114 Against Dollar Amidst Sanctions and Inflation Fears
The Russian ruble hit 114 against the dollar on Wednesday, its lowest since March 2022, after US sanctions on Gazprombank triggered panic selling; this decline, exceeding a third of its value since August, evokes past economic traumas and fuels inflation fears despite the government viewing it favor...
Progress
48% Bias Score