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By Darya Korsunskaya MOSCOW (Reuters) – Russia’s budget deficit could be wider than the planned 2% of GDP in 2023 as an oil price cap squeezes Russia’s export income, Finance Minister Anton Siluanov said, an extra fiscal hurdle for Moscow as it spends heavily on its military campaign in Ukraine. Russia last week said price …

Oil price cap may widen Russia’s 2023 budget deficit, says Finance Minister Read More »

MOSCOW (Reuters) – The Bank of Russia could raise interest rates in 2023 if inflationary risks such as labour shortages and import restrictions have a meaningful impact, Deputy Governor Alexei Zabotkin told the RBC daily in an interview. The bank held its key interest rate at 7.5% at its final meeting of the year on …

Russia could hike rates in 2023 if inflation risks have big impact -cenbank Read More »

MOSCOW (Reuters) -Sberbank on Monday accused Glencore of choosing not to foot a bill for oil supplied via the Russian lender, saying the global commodities trader could have found a way to pay up without violating Western sanctions. Sberbank has taken legal action to recover debt and penalties from Glencore Energy UK Ltd over the …

Russia’s Sberbank urges Glencore to resolve dispute over oil bill Read More »

By Alexander Marrow MOSCOW (Reuters) – The Russian rouble strengthened sharply in a volatile session on Monday, recovering some ground after its largest weekly slump since early July on fears over the impact of oil and gas sanctions on Russia’s export revenue. The rouble lost about 8% last week and is down over 10% this …

Volatile rouble recovers ground after biggest weekly slump since July Read More »

(Reuters) – Head of Dutch Central Bank Klaas Knot said with five policy meetings between now and July 2023, the ECB would achieve “quite a decent pace of tightening” through half percentage point rises before borrowing costs eventually peaked by the summer, the Financial Times reported on Monday. “The risk of us doing too little …

Dutch governor Knot signals ECB will keep raising rates in months ahead- FT Read More »

(Reuters) – Russia’s Rosatom expects its 2022 exports growth at 15%, while its foreign order portfolio has remained stable at $200 billion, the state nuclear energy company’s Chief Executive Officer Alexei Likhachev told the Russian Izvestia newspaper. “[Exports will grow] by about 15%. But one must understand that this is far from the limit,” Izvestia …

Russia’s Rosatom sees 2022 exports growth at 15% – report Read More »

(Reuters) -Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told state TASS news agency. “The European market remains relevant, as the gas shortage persists, and we have every opportunity to resume supplies,” TASS cited Novak as saying in remarks published by the agency on …

Russia ready to resume gas supplies to Europe via Yamal-Europe pipeline -Novak Read More »

(Reuters) -Bloomberg L.P. has no interest in acquiring either Dow Jones or the Washington Post, a Bloomberg L.P. spokesman said in a tweet. “There have been no conversations with anyone or either organization about an acquisition,” spokesman Ty Trippet said in the tweet, which was retweeted by billionaire owner Michael Bloomberg. News website Axios reported …

Bloomberg has no interest in acquiring Dow Jones or Washington Post, spokesman says Read More »