Contents tagged with Russian Economy
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Russian court to overturn international court decisions
As reported by RIA Novosti, a group of Russian Parliament members has introduced a draft bill that would authorize the Russian Constitutional Court to overturn international court decisions “if they run counter to the provisions of the Russian constitution”.
The main goal of the proposal was “to safeguard Russian legal sovereignty,” one of the bill's co-sponsors, the Communist party lawmaker Vasily Likhachev, was quoted as saying.
The bill's authors explicitly mentioned the European Court of …
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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 …