The incumbent mayor of Moscow was among those to retain his position, as turnout was reportedly boosted by the option to vote electronically Russia concluded voting in regional elections in roughly one-fifth of its 89 federal subjects on Sunday, as the population elected local leaders and legislatures. In various parts of the country, including the…

Increased sales of hard-currency revenues by exporters will support the ruble in the upcoming months, Maksim Oreshkin has said The depreciation in the ruble has run its course, while a surplus of foreign currency is likely to materialize in the local market over the next few months, Russian presidential adviser Maksim Oreshkin told Interfax on…

The measure is necessary to support the ruble, according to the head of VTB, Andrey Kostin The CEO of Russia’s second-largest bank, VTB, has argued that the country must close loopholes that allow unregulated capital outflows. Andrey Kostin claimed that the current situation is damaging the ruble.