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What is devaluation in simple terms and how does it affect the Russian economy?

... devaluation in Russia In 2024, Russia faced a number of factors that contributed to the weakening of the ruble. These factors included sanctions that limited access to international markets, high inflation, and a budget deficit. In response, the Central Bank raised ... ... is a serious test for both businesses and ordinary citizens. As an entrepreneur, I understand that a weak ruble creates both new opportunities and risks. On the one hand, export companies can increase profits due to a weaker exchange rate, but at the ...

Experts have revealed which fuel will experience the highest price increase at gas stations in 2025.

... year) in the first 11 months of 2024. The situation with fuel production is unlikely to improve in the coming months due to sanctions on the supply of equipment for oil refineries (NPZs). Therefore, the gasoline market will continue to face risks of ... ... the Ministry of Finance has repeatedly attempted to change the dampener mechanism to reduce payments. It is likely that the new mechanism will again focus on this goal (though officially, the aim is said to be the additional stabilization of the high-octane ...

The budget is in the black. What ensured the increase in oil and gas revenues?

... factors that contributed to the increase in Russia's oil and gas revenues. He highlights that rising oil prices and the weakening of the ruble have led to a significant boost in federal budget inflows. Tereshkin also examines the impact of international sanctions and the adaptation of the Russian economy to new conditions, emphasizing the importance of diversification and the development of domestic resources to ensure sustainable economic growth. "Subsidies" to Russian Refineries Increased by Over 80% in the First Seven Months of 2024 In the ...

Why People Take Mortgages Despite High Rates?

... Russians' eagerness to acquire real estate is the fear of ruble devaluation. In the context of inflationary pressure driven by sanctions, changes in global energy markets, and domestic economic challenges, the purchasing power of the ruble is unstable. ... ... estate as an investment, high demand for mortgages remains relevant. According to the Russian Guild of Realtors, interest in new builds among private investors rose by 22% in 2024. Real estate in Russia continues to be a popular asset, protecting capital ...

Frozen Deposits in Russia: How Real Is the Risk? How to Protect Your Savings Amid High Interest Rates

... heavy obligations to pay high interest on deposits, straining their liquidity. Capital Outflows and Isolation: International sanctions have limited access to external financing, forcing banks to rely on domestic resources. A deposit freeze could be used ... ... dissatisfaction and social unrest, creating significant political risks. Banking System Stability: Freezing deposits could deter new deposits, undermining banks’ ability to attract capital and threatening long-term financial stability. How a Deposit Freeze ...