Russian ruble coin in Moscow. (Photo: AFP/VNA) Ruble Russia’s currency fell to a nearly three-week low against the dollar on November 30, having lost some of its support from corporate tax payments at the end of the month. The ruble fell 0.6% against USDdown to 69.87 rubles/USD, the lowest level since January 11. The Russian … Read more
Before the New Year holidays, the demand for used cars in Russia froze. Major car search services note a decrease in requests compared to November. Dealers, whose share in this market is 10-20%, on the contrary, record an influx of customers for used cars – this is facilitated by both the replenishment of the fleet … Read more
After the outbreak of hostilities in Ukraine, the basic services of foreign roaming at Russian telecom operators rose by 5-40%, the cost of options – by 40-60%. Operators claim that the price increase affected a small number of subscribers and was due to the unstable ruble exchange rate. Experts believe that against the backdrop of … Read more
U.S. Open: Alcaraz beats Cilic Rublevsina in five sets to advance to quarterfinals On the morning of September 6th, Beijing time, the 2022 Tennis Grand Slam U.S. Open continued. In the fourth round of the men’s singles lower half, the No. 3 seed Spanish supernova Alcaraz experienced a five-set battle and fought hard to At … Read more
China’s Great Wall Motor (GWM), the only foreign auto concern that continues to produce in Russia, increased its sales revenue in the Russian market by 14% to 2.3 billion yuan in the first half of the year. It increased, despite a 26% drop in unit sales, due to the increase in the cost of cars. … Read more
The government exempted six machine-building enterprises, including the Volga Pipe Plant and Altaivagon, from the obligation to pay excise duty on liquid steel in the second quarter. At the same time, the Ministry of Finance is not yet ready to cancel the excise tax for the entire industry, despite the fall in steel production against … Read more