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Consumer confidence has been improving in the country, Russian interest rates are currently at 8%. The decision over interest rates are taken by the
Central Bank of the Russian Federation. Russia's inflation rate is currently at 3.7% and the USD/RUB is trading at 29.5802, the ruble has appreciated during the last month. The Russian Government Bond 10 Year Note is currently at a 6% yield. The INDEXCF is a major stock index that tracks 30 of the most liquid stocks of Russia's most developed and biggest companies from 10 economic sectors. It declined about 91 points during the last month. It was last trading within the 1,494.66 - 1,529.72 range the top performer was
which generates and distributes thermal energy and electricity in the Republic of Buryatia and other parts of the Russian Federation.
Russia is the second-largest producer of natural gas and holds the world's largest natural gas reserves according to
The World Factbook. It also became the world's leading oil producer beating Saudi Arabia in 2011, the country is the third-largest exporter of steel and primary aluminium. The Russian economy was severely hit by the 2008-09 great recession as oil prices plummeted, The Central Bank of Russia had to spend $200 billion of international reserves in 2008 to slow the devaluation of the ruble. As a result of high oil prices in 2011, Russia was able to reduce the budget deficit that was created in 2008-09.
Dmitry Rybolovlev
Net Worth $9 billion
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