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News Wire / economy

Cash Circulation Rises In Russia

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The Russian Finance Minister issued a warning regarding the potential consequences of the United Arab Emirates exiting the OPEC+ group. He called on governors to strictly implement these measures. He noted that regional budget deficits increased by approximately 200-300 billion rubles last year. Consolidated deficits for regional subjects have reached up to 1.5 trillion rubles, according to the source. Siluanov stated that keeping money under pillows does not benefit owners or the national economy. He noted that investing these funds allows them to participate in economic development. The remarks come as production levels have generally decreased, according to the report. Siluanov stated that updated departmental data confirms positive dynamics. The government and the Central Bank are continuously monitoring key indicators, including exchange rates and budget expenditures.

The Russian Finance Minister issued a warning regarding the potential consequences of the United Arab Emirates exiting the OPEC+ group. He called on governors to strictly implement these measures. He noted that regional budget deficits increased by approximately 200-300 billion rubles last year. Consolidated deficits for regional subjects have reached up to 1.5 trillion rubles, according to the source. Siluanov stated that keeping money under pillows does not benefit owners or the national economy. He noted that investing these funds allows them to participate in economic development. The remarks come as production levels have generally decreased, according to the report. Siluanov stated that updated departmental data confirms positive dynamics. The government and the Central Bank are continuously monitoring key indicators, including exchange rates and budget expenditures. No specific growth percentage was provided in the report. Cash transaction turnover is increasing in Russia, according to Sberbank Deputy Chairman and CFO Taras Skertsov. Skertsov attributed the rise in cash payments to recent tax changes.

Topics

OPEC+ energy markets Russia UAE

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Sources · 7 independent

Al Jazeera Arabic

“عملياً اليوم بيئ الأصعار بالعموم هو هذا محتوديه هذا العرض في الأصوار وانا هناك تصريح وزير المالية الروسي حدر من تأثيرات ذلك”

Al Jazeera Arabic

“the Russian Finance Minister warned of the effects of that. How do you understand this statement? The main players in OPEC+ are three: the Kingdom of Saudi Arabia, Russia, and the United Arab Emirates.”

Al Jazeera Arabic Voice

“تطور أيضاً لافت بالأمس كان نسحى بالإمارات من أوبك و أوبك بلس لأن هناك تصريح وزير المالية الروسي حدر من تأثيرات ذلك”

Komsomolskaya Pravda

“Российский бюджет должен иметь запас прочности на несколько лет. В период Эд заявил министр финанс Фонтон Силуанов. Он отметил, что сейчас бюджет примерно на пятую часть зависит от нефти газовых доходов.”

Komsomolskaya Pravda

“По словам Силуанова, запас нужен минимум на 3 года. За это время нефтяные компании смогут переориентироваться на мировом рынке.”

Business FM Russia

“по словам министра, нужно создать трехлетний запас в фонде национального благосостояния. Такая финансовая подушка позволит стране прожить при низких ценах на нефть.”

Govorit Moskva

“Россия не собирается выходить из опек плюс, как пресс-секретарь президента Дмитрий Песков ответил на вопрос журналистов на брифинге.”

Radio Sputnik

“Россия должна иметь запас прочности бюджета на случай колебания нефтяных цен, заявил министр финансов России Антон Силуанов, комментируя выходы объединенных арабских эмиратов из ОПЕК.”

Govorit Moskva

“Дмитрий Писков также выразил надежду на то, что формат ОПЕК ПЛЮС сохранится после выхода из него иммиратов, так как и договоренности позволяют стабилизировать рынки.”

Radio Sputnik

“the decision is strategic and based on a long-term economic vision.”

Radio Farda

“Russia announced on Wednesday that it will not leave the OPEC+ group. Kremlin spokesperson Dmitry Peskov confirmed the decision.”

Radio Farda

“دیمیتری پسکوف سوخنگوی کاخی کرملین اصار اومید وید. خواروج امرات از اوپیک بمنایه متلاشی شدن اوپیک بلاست نباشد.”

Al Jazeera Arabic

“وزير المليئة الروسي يقول بأنه إنسحاب الامرات على المدى المتوسط والبعيد سوف يؤثر سلبا عن الأسعار”

Al Jazeera Arabic Voice

“It will negatively affect prices, and moreover, OPEC is allocating assistance to the countries of the region affected by this targeting.”

Al Jazeera Arabic Voice

“OPEC is allocating assistance to the countries of the region affected by this targeting.”

Radio Zvezda

“глава Минфина так прокомментировал заявление объединенных арабских эмиратов о выходе за ОПЕК и ОПЕК ПЛЮС с 1 мая.”

Radio Zvezda

“По итогам прошлого года, товар-оборот между Россией и объединёнными арабскими эмиратами достиг исторического максимума.”

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