We Do Not Expect Fireworks After Trump/Putin Summit
On 11 July, US President Trump began his week-long visit to Europe. He will attend a two-day NATO summit and meet UK PM Theresa May...
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Rouble Is Vulnerable to Selling Pressure as World Cup Nears Finals
Russia did not seriously expect to win the World Cup. The government probably hoped to showcase the country's provinces rarely visited by...
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While Russians Watch World Cup, Government Hikes Pension Age and VAT
Last Friday, the Russian currency and fixed income instruments sold off sharply. Earlier that day, the CBR kept its policy rate on hold, but...
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New External Shocks Force CBR to Put Easing Cycle on Hold
Today the Central Bank of Russia held its regular policy meeting and decided to keep its policy rate unchanged at 7.25%, in line with the market...
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Metals Remain on Rollercoaster as US Softens Stance on Rusal Sanctions
It seems that the US has not fully anticipated the fallout from its sanctions against Rusal, and is looking for a graceful exit. The recent panic...
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