The Bank of Russia as the regulator of financial markets submitted to the state Duma the proposals of the St. Petersburg Mercantile exchange (SPIMEX) to change the law regarding the admission of foreigners to trading futures contracts on Russian oil exports. Experts believe that this will simplify the bidding procedure …
Read More »Not in oil happiness: how the Gulf States squandered the windfall of the commodity
Russia missed the opportunity to restructure the economy, when oil was expensive. But there is a little consolation: on the same rake came not only Russia. Cash fountain Direct calculations, as brought expensive oil-exporting countries, no. Indirect rate — the amount established in almost all these States, sovereign funds, provide …
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