Finances

In the near future, a number of factors will help determine the situation in the financial markets and the ruble exchange rate in particular.

The federal budget of the Russian Federation in January-November 2020 was executed with a deficit of 2.5 trillion rubles.

Germany in particular and the European Union as a whole lose billions of euros every year due to restrictive measures against Russia.

Next year profit of Russian banks will completely decrease by 2 times due to overdue loans of debtors and low interest rates on loans.

The Russian ruble is strengthening against the dollar, while some other currencies are rising.

Experts found out how much money Russians are going to spend on New Year's gifts and compared this result with last year's indicators.

Russians working in different spheres of activity named the amount of pensions they would like to receive in old age.

Facebook and Amazon have already received tax notices for 2020.

Health care costs in the Russian capital in 2021 will grow by 12%, or more than 40 billion rubles. 

This agreement lasted only about two or three months and was terminated on September 4.

Residents of Russia will be required to report to the tax service on foreign exchange transactions using electronic wallets of foreign operators.

The Ministry of Finance of the Russian Federation has prepared amendments to the laws on the introduction of criminal punishment and imprisonment for failure to declare transactions with cryptocurrencies.

Russian President said that, in his opinion, can be expected in foreign exchange markets and what could happen to the dollar after the US presidential election.

“Given the damage inflicted by COVID-19 on the global economy, it seems remarkable that household wealth has emerged relatively unscathed,” the report reads.