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Ruble Concludes 2024 Above 100 Against Dollar: Causes, Forecasts, and Implications
The ruble ended 2024 with a historic weakening, exceeding the 100 per dollar mark. What caused the national currency to fall, what forecasts do experts give for 2025, and how will this affect the economy, business, and the lives of Russians? We analyze the ...
Where to Invest One Million Rubles: Medium-Term Investments
How to Invest One Million Rubles with a Medium-Term Perspective of 1-3 Years? The article discusses the most effective options for medium-term investments, including bonds, funds, and balanced portfolio strategies.
Where to Invest One Million Rubles: Mid-term Investments
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What is devaluation in simple terms and how does it affect the Russian economy?
... feels when prices rise and purchasing power falls. In this article, we will analyze why devaluation occurs, how it affects prices, business and everyday life of Russians, and what steps can be taken to protect your funds in the context of a weakening ruble.
What is devaluation in simple terms and how does it affect the Russian economy?
Devaluation is the process of reducing the value of the national currency in relation to foreign currencies. Simply put, this means that the ruble, which yesterday ...
Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
Starting from January 1, 2025, Russia plans to increase excise taxes on gasoline and diesel fuel by 4.7%, which corresponds to the forecasted inflation rate. The excise tax rate for gasoline of ecological class 5 will be 15,755 rubles per ton, while for diesel fuel, it will be 10,915 rubles per ton. Experts note that excises account for about 20% of fuel costs, so the 4% increase will lead to a price rise of about 1% at gas stations. Sergey Tereshkin, CEO of the fuel and raw ...
The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
... 2015–2019, and dropped to 28% in 2020. Subsequently, the figure rebounded to 35.8% in 2021 and 41.6% in 2022, before returning to 30% last year, reaching 30.3%.
The federal budget's revenue for January–September 2024 amounted to 26.3 trillion rubles, up 33.1% compared to the same period in 2023. Oil and gas revenues increased 1.5 times to exceed 8.3 trillion rubles over nine months. The Ministry of Finance expects sustained growth in oil and gas revenues above their baseline level in the coming ...