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Press releases


Press releases

Parsing the 'Currency Triangle'
By Vlad Fadeyev, Translated by Nick Chesters, Rosbalt, February 11, 2004

Russians are trying to adjust to fluctuating exchange rates involving the ruble, the US dollar and the euro.


Expert Says Rouble to Gain Another 10-15% on US Dollar in mid term
Rosbalt, January 16, 2004

'The rouble’s appreciation against the US dollar is not happening by chance. It is the result of a mid-term trend in the Russian economy,' said State Duma Deputy and economist Mikhail Zadornov at a press conference yesterday.


Bank Insurance Bill in Danger of New Delay
By Alex Fak, The Moscow Times, November 21, 2003

The deputies voted to retain state guarantees on all Sberbank deposits until 2007, not just on those accounts opened before the law comes into effect, as stipulated in an earlier version backed by the government and the Federation Council, the upper house of parliament.


Derivatives Bill
Prime-Tass, September 26, 2003

A bill on financial derivatives is expected to be submitted to the State Duma for consideration in October


Duma Votes to Insure Deposits
Reuters, September 18, 2003

The State Duma on Wednesday approved in the first reading a bill on banking deposit insurance, a critical move in restoring the trust of millions of Russians in the private banking system.


Vote Set to Ease Cash Sales for Exporters
Reuters, June 18, 2003

The new legislation would allow the Central Bank to vary the rate under the 30 percent ceiling. It is also expected to ease upward pressure on the Russian currency.

Press releases


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