Russia ha expanded its embargo on European products. On October 22, Russia banned imports of meat by-products produced in the EU. Reportedly, the new restrictive measures were associated with the discovery of banned and harmful substances in the products. Russia has also imposed a ban on the import and transit of all мупуефиду products from Ukraine
A recent survey among 1,600 Russians in 134 settlements of 46 regions of the country showed that the sanctions showed nearly no influence on the lives of ordinary Russians. Sixty percent of respondents believe that Russia should punish the West accordingly: to arrest accounts and assets of foreign companies
Gold has proven to be a good barometer of future growth and inflation rates and caught these developing trends months ago. The stock market just caught on, hence the huge triple digit losses of late. At the beginning of the year gold was selling at 1180, its lowest level to that point , even though US growth was moving up briskly at a 4% rate
Oil prices continue to decline despite OPEC's decision to cut oil production. The cost of oil, according to experts, began to decline due to excessive amounts of the raw material. The current state of affairs on the oil market hurts the economies of such oil powers as Saudi Arabia, Iraq, Qatar and others. What about Russia?
By pinning down the future price level by gold convertibility, the immediate effect of international monetary reform will be to end currency speculation in floating currencies, and terminate the immense costs of inflation hedging. Gold convertibility eliminates the very costly exchange of currencies at the profit-seeking banks
Cheapening the dollar is a bad thing, unequivocally. It does not necessarily follow that making the dollar dearer is a good thing. And there is a frequently unnoticed factor at work: the dollar's status as the world reserve currency. This status has cost America 6 million jobs. This is a startling, and potentially important, claim.
Ambassadors of 28 countries of the European Union, during the meeting in Brussels on September 30, decided not to lift the sanctions that had been imposed against Russia. The meeting was primarily devoted to the implementation of the agreement on the settlement of the conflict in the east of Ukraine
The Bank of Russia may include the critical scenario of declining oil prices in the draft monetary policy. The Central Bank of Russia studies a shock scenario of the economic development. World Bank economists say that the Russian economy will experience slowdown or even recession, if the authorities do not launch structural reforms
over the past 14 years, Chinese investments in India amounted to only $700 million. China is the first trading partner for India, although for Beijing, India comes 12th. The trade between the two countries is estimated at nearly $70 billion. China's GDP is more than six times the size of Indian GDP
Actions of the West in Eastern Europe and ongoing pressure on Russia may eventually intensify the movement to combat the petrodollar. The biggest danger to the oil currency is likely to be related to China. Russia and China currently discuss the creation of an analogue to the international system of bank transfers - SWIFT
Russia has thus banned imports of cheeses from 13 Ukrainian plants; juices, including for baby food; spirits, beer, and beer drinks from three Ukrainian enterprises; canned vegetable, fruit and fish products from seven Ukrainian companies. The bans affected food supplies to Russia's Crimea
The reputation of Paris as a reliable partner has been called into question for Russia after the French refused to supply the first Mistral helicopter carrier, officials at the Russian Foreign Ministry said. Where are the days when Paris would not succumb to US pressure, for example, on the Iraqi issue?
Russia climbed up to the 53rd place in the ranking of global competitiveness. The consequences of the crisis in Ukraine may worsen the country's position in the future. Russia has risen in the ranking in almost all areas. The quality of roads, railways, air transport has grown. Business has become more competitive, trade barriers - lower