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Russia May Resume FX Purchases If Current Market Situation Holds

November 28

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U.S.-China Trade Spat Creates Opportunities for Russia: President of Russia Vladimir Putin

November 28

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Vladimir Putin calls on U.S. to stop sanctions, seek common ground

November 28

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Vladimir Putin says Russia will supply soy beans, poultry meat to China

November 28

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Vladimir Putin: We Aren’t Ditching the Dollar

November 28

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Vladimir Putin: instability forcing countries away from dollar settlements

November 28

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Vladimir Putin Says $60 Oil ‘Absolutely Fine’

November 28

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Russia Considering Either Rate Hike or Hold at Dec. 14 Meeting - Elvira Nabiullina

November 28

“If the current situation on the financial markets continues, we think it will be possible to resume the regular purchases of foreign currency after the New Year holidays.

The trade war between the U.S. and China allows Russia to increase its food trade with China, President Vladimir Putin says at VTB Capital Investment Forum "RUSSIA CALLING!".

Russian President Vladimir Putin on Wednesday called on the United States to stop imposing unilateral sanctions and seek common ground with its partners.

"It seems to me that we need to achieve a positive result for ourselves, not trying to harm the partners, but trying to find joint areas of activity in order to work together more effectively," Vladimir Putin said at the VTB Capital 'RUSSIA CALLING!’ investment forum.

When the Russian President was asked to comment on a possible advice Russia could offer to the United States, he said that "everyone will only lose" from unilateral and politically motivated measures and his advice is "to abandon this policy and to seek common ground." 

President Vladimir Putin said on Wednesday that Russia would supply soy beans and poultry meat to China and that the United States had effectively given up on that market.
 
Vladimir Putin was speaking at the VTB Capital Investment Forum "RUSSIA CALLING!" in Moscow.

Russia and other countries are reducing their U.S. dollar reserves, partly because of U.S. sanctions policy, Russian President Vladimir Putin says at VTB Capital Investment Forum "RUSSIA CALLING!".

Contract to sell S-400 anti-aircraft missiles to Turkey wasn’t settled in dollars.

Russia continues work with partner countries to develop alternative to SWIFT financial messaging system.

Russian economy is adapting to difficulties, will spur growth through investments into infrastructure, digital.

“We aren’t aiming to ditch the dollar. The dollar is ditching us.”

The decision makers who are moving the dollar away from Russia “aren’t shooting themselves in the foot, but a little higher”.

President Vladimir Putin said on Wednesday that Russia was not aiming to stop settling deals using the U.S. dollar, but that instability in dollar-based settlements was forcing many world economies to think about moving to non-dollar settlements.
 
Speaking at a conference in Moscow, Vladimir Putin also said that Russia was actively working on a system that would be independent from the SWIFT global payment system, but added that Moscow would not make any sudden moves that might hurt itself.

Russian President Vladimir Putin delivering a speech during a session of the VTB Capital Investment Forum "RUSSIA CALLING!" in Moscow, Russia, said current oil prices around $60 a barrel are “absolutely fine” for his country, adding that Moscow is ready if needed to work with OPEC on stabilizing the market after a major drop. Two weeks ago, Putin said a level of $70 suited Russia.

He pointed to the success of the OPEC+ agreement on output cuts, singling out Saudi Crown Prince Mohammed bin Salman for praise.

Putin says Russia will supply soy beans, poultry meat to China.

President Vladimir Putin said on Wednesday that Russia would supply soy beans and poultry meat to China and that the United States had effectively given up on that market.

Putin was speaking at the VTB Capital Investment Forum "RUSSIA CALLING!" in Moscow.

Putin: instability forcing countries away from dollar settlements.

President Vladimir Putin said on Wednesday that Russia was not aiming to stop settling deals using the U.S. dollar, but that instability in dollar-based settlements was forcing many world economies to think about moving to non-dollar settlements.

Speaking at a conference in Moscow, Putin also said that Russia was actively working on a system that would be independent from the SWIFT global payment system, but added that Moscow would not make any sudden moves that might hurt itself.

“There are a lot of factors that we will be taking account,” Central Bank Governor Elvira Nabiullina says at press conference at VTB Capital Investment Forum "RUSSIA CALLING!".

Emerging market situation has stabilized, sanctions expectations have eased, but oil prices have declined.

Inflation is close to target and returned there from earlier lows more quickly than expected, but inflation explanations “remain elevated,” after rising again in November.

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