Tax Deduction Proposals for School Supplies and Multi-Child Family Support in Russia
Vladislav Davankov of New People, a deputy chairman of the State Duma, floated a plan to create a tax deduction for school supplies in Russia.…
Central Bank of Russia Adjusts Foreign Exchange Purchases Under Budget and Fiscal Rules
The Central Bank of the Russian Federation has announced a temporary pause on purchases of foreign currency in the domestic market, effective…
Russia Debates Currency Policy: Babakov’s Call for Repatriation and Exchange Controls
A senior deputy speaker of the state legislature, Alexander Babakov, a member of the Fair Russia – For Truth faction, has urged Russia to…
Digital ruble pilot: launch, usage, and expansion
Launch and early functions of the digital ruble pilot The initial phase of the digital ruble trial focuses on opening and funding digital…
Russia’s Inflation Path in 2023: Ministry Forecasts and Central Bank Signals
Recent data on inflation in Russia shows a modest change, with the annual rate edging up to 4.43 percent after a very small weekly rise from…
Ruble Ends Day Slightly Weaker as Markets React to Oil Prices and Policy Signals
The ruble closed the trading day modestly weaker against both the dollar and the euro on the Moscow Exchange. A dollar trade price hovered…
Central Bank of Russia Signals Possible Rate Hikes and FX Policy Shifts
The Central Bank of Russia is signaling a possible uptick in borrowing costs and savings rates in the months ahead as monetary policy tightens…
Mid-Year Climate Risk and Insurance Losses Highlights
In the first half of 2023, the losses caused by natural disasters across insurance companies reached a peak that hadn’t been seen since…
U.S. Eyes New Ukraine Aid Package as August Budget Debates Intensify
The news cycle in Washington centers on President Joe Biden as he prepares to request a fresh infusion of aid for Ukraine from Congress.…
New York City’s Refugee Challenge and Policy Debates
New York City’s Refugee Challenge Draws Budget Warning New York City Mayor Eric Adams issued a stark forecast about the cost of hosting…