Breaking News
Saudi Arabia To Cut Its Oil Exports By 10% Following Price Slide
...
Nigeria Likely to Lose $6bn From Fraud Oil Deal
...
Trump Declares List of 10% Tariffs on $200bn in Chinese Goods
...
SAARC Development Fund Plans Tapping Financial Markets
...
India Inaugurates Major Hydropower Dam Despite Objections from Pakistan
...
WhatsApp co-founder to quit over clash with Facebook
...
Russia’s inflation rises, as rouble falls
Russia’s inflation is estimated to hit about 11.4% in 2014, as rouble continues to plunge.
Consumer prices rose 2.6% in December, a month when the rouble suffered some of its steepest falls.
The Western sanctions and cheap oil price have driven down the value of the rouble, resulting in higher prices of the imports.
Russia’s actions in Ukrain have resulted in more sanctions from the West that have hit the banking sector by cutting off foreign lending. On the other hand, a fall in the price of oil has cut revenues earned by the government.
The government is injecting cash into the economy to help the banks strengthen its capital structure and help boost lending to important projects.
Related Articles
Afghanistan’s exports up by 33%: ACCI
According to a recent report by the Export Promotion Department of the Afghanistan Chamber of Commerce and Industries (ACC), Afghanistan’s
Norway pledges USD 110mn in civilian and military aid to Afghanistan
Norwegian Foreign Minister Børge Brende announced Sunday that his country has pledged USD 110mn in aid to Afghanistan for the
Food down, fuel & gold up in Kabul
Pajhwok Afghan News Weekly Price Report-Food items’ prices decreased during the outgoing week in Kabul, where the rates of gold
