Contents tagged with Russian Economy
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Iran won't buy Russian Superjets.
As stated by Iranian Minister of Roads and Urban Construction Ahmad Abbas Akhmud, Iran gives up plans to buy Russian Sukhoi Superjet-100 aircrafts to upgrade its fleet.
According to the minister, Iran has already held talks with Airbus and Boeing. "A preliminary agreement with leading aircraft manufacturers have been reached," - Akhmud said, "and as soon as the nuclear deal with world powers come into force, Iran's aviation industry will come out of sanctions".
The secretary of the …
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American hedge funds are betting against the Russian ruble
As reported by the US Futures trading commission starting November 2014 American hedge funds and currency traders have placed a record number of short future contracts against the Russian ruble.
The total number of short positions (betting on collapse of the Russian currency) has reached 6848 contracts (17.2 billion rubles).
Overall the investors were net short 2857 contracts (7.14 billion rubles). This number takes into account long positions – bets on the increase of the value of the …