At the beginning of business today, balances of ruble resources at commercial bank correspondent accounts declined considerably. Across the country, this drop amounted to RUR11.7bn (about $367.67m); in Moscow, it was RUR8.5bn (about $267.11m). Such a significant decrease has not been registered since January 9, 2003, which was over ten days ago. This morning, ruble balances of correspondent accounts amounted to less than RUR62bn (about $1.95bn) throughout Russia and to a bit more than RUR32bn (about $1.01bn) in Moscow.
As it could be expected, such development of the situation on the ruble market led to a considerable deterioration of ruble liquidity and to a noticeable deficit of ruble resources at banks. A serious lack of ruble resources at banks is currently testified to by high credit rates; their level is exceeding the figures of the previous business day, January 17, by several times.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year