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Annual inflation in Venezuela exceeded 2000%

In December of last year, inflation in Venezuela was 85% and for the whole year reached the level of 2616%. Such data are cited by analysts of the National Assembly of the country, the majority in which belongs to the opposition. As recalled by Reuters, in January the minimum wage …

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Russia was left without a Reserve Fund: what’s next?

DW understand why the Reserve Fund was abolished and combined with the national wealth Fund of Russia, how much money remains in the past and what they will spend power. Since the beginning of 2018 in Russia abolished the Reserve Fund, which has financed the budget deficit of the country. …

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In Belarus opened two new oil fields

New oil fields in East Makanovichi and West Kirovskoe located in the Rechitsa district, Gomel region, reported the press service of Belorusneft. On the East Makhnovism oil found in the drilling of an exploration well at a depth of 4,200 meters. At test flows of oil in the amount of …

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Russia is working to create a “scriptorama”, trying to avoid sanctions

Russian officials are working to create their own cryptocurrency, which should help the country avoid international financial sanctions. It is reported by the Financial Times. Russian President Vladimir Putin instructed government agencies to develop “scriptural”. This will allow Russian businesses in the future to Transact in rubles, not in dollars. …

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