Found: 163

The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects

The Central Bank of Russia has taken a significant step towards strengthening the country's currency ... ... financial market, and also sets new benchmarks for currency transactions in the context of sanctions pressure. Let's figure out why this deal was made, what prospects it opens... ... solving the problem of the availability of foreign exchange transactions, minimizing the impact of international restrictions. Thus, the Central Bank can effectively respond...

BMW and Mercedes Could Return to Russia: What This Means for the Market and Investors

... could rebalance the market, offering Russian consumers more options and providing German brands a path to recoup losses from sanctions. What are the implications for the Russian automotive industry and investors? Dive into our analysis of this pivotal move for Europe’s leading automakers and the opportunities and risks it presents for the investment landscape.... ... jobs and supporting high service standards. This also adds a boost to the local automotive service sector in Russia. Potential Impact on German Automakers Returning to the Russian market could positively influence the financial performance of German companies,...

The Future of the Dollar and the Prospect of a BRICS Currency: Insights from Putin’s Statements

... driving nations to consider alternatives. In this article, I, Sergey Tereshkin, CEO of Open Oil Market, delve into the implications of Putin’s statements and explore... ... that Russia has no intention of abandoning the dollar, noting that U.S. policies and sanctions are inadvertently undermining trust in the American currency. He also mentioned... ... and institutions to ensure the currency’s stability. How Shifting Dollar Dynamics Impact the Global Economy Despite the dollar’s continued importance in the international...

The Fate of the Dollar and the Prospects for BRICS Currency: What's Behind Putin's Statements?

... including Russia and China, has raised concerns on the international stage. Such measures weaken the global role of the dollar as countries begin to seek alternative methods of conducting transactions to avoid dependence on the U.S. currency and reduce the impact of sanctions. Putin characterized this situation as "a terrible foolishness" on the part of the U.S., pointing out that undermining trust in the dollar by its own issuer could lead to its gradual weakening. Prospects for a Unified BRICS Currency ...

Ruble Concludes 2024 Above 100 Against Dollar: Causes, Forecasts, and Implications

... Companies dealing with imported goods will face rising costs. This may lead to price increases for services and products, further impacting consumer demand. What This Means for Investors and Businesses Asset Diversification It is recommended to hold savings ... ... informed about Central Bank decisions and international events to timely adjust your strategies. The year 2024 proved to be a year of challenges for the ruble and the Russian economy. Amidst sanctions, declining export revenues, and high interest rates, the ruble significantly weakened. In 2025, volatility in the currency ...